Trade

Slipping one place, the report stated that Viet Nam performed well in international opportunities, ranking fourth globally, while it stood 21st in domestic logistics opportunities and 20th in business fundamentals, which includes regulatory environment, credit and debt dynamics, contract enforcement, anti-corruption safeguards, price stability and market access. … [Read more...] about Vietnam’s logistics wins in US-China trade war

Hanoi (VNS/VNA) - Textile stocks have been on a temporary upswing thanks to the recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as reduced demand worldwide. In the latest trading sessions, from February 5 to February 14, shares of Duc Quan Investment and Development JSC (FTM) continuously increased with six sessions witnessing ceiling prices. FTM soared by 38.01 percent. During the same period, Song Hong Garment Joint Stock Company (MSH) also increased by 9.5 percent, the Vietnam National textile and Garment Group (VGT) rose 21.2 percent. According to Tran Xuan Bach, a stock analyst at Bao Viet Securities Co (BVSC), the ratification of EVFTA has boosted textile stock prices as the agreement is believed to offer a huge advantage to the industry. “But this is only a short-term impact, textile firm can enjoy the benefits the agreement brings … [Read more...] about Material autonomy key for Vietnam to fully tap EVFTA

Researchers from the Training and Research Institute st the Bank for Investment and Development of Vietnam recently pointed out that developing and implementing a strategy to diversify markets and trade partners was needed for Vietnam to reduce dependence on single markets. … [Read more...] about COVID-19 highlights need for economic restructuring

The GSO forecasts that if the epidemic is successfully nullified within the first quarter, the industrial sector’s added value will rise by only 2.68 per cent in comparison with the same period last year, of which the processing and manufacturing industry will increase by 2.38 per cent. In contrast, the figure was anticipated to reach 11.21 per cent if the epidemic had not taken place. … [Read more...] about BUSINESS NEWS HEADLINES FEB.18

Mr. Dam Van Hung, the owner of Huong Mien Tay fruit trading facility in Ben Tre Province, the leading green-skinned exporter in the Mekong Delta, said that the price of green-skinned pomelos has declined sharply and farmers in Ben Tre, Tra Vinh, Tien Giang, and Soc Trang provinces have been looking for traders but fruit trading facilities neglect to buy as consumption has been facing difficulties. According to Mr. Hung, normally, his facility collects around 60 tons of green-peeled pomelos every day from farmers in the Mekong Delta and even the Southeast region of Vietnam. However, at this time, his facility can buy a maximum of around 6-7 tons per day though the price of pomelos is much lower compared to before the lunar New Year as exporting agricultural products via cross-border trade has been tightened since the outbreak of the Covid-19. Therefore, it is difficult for fruit trading facilities to transport green-skinned pomelos to the Chinese market. The solution currently applied … [Read more...] about Price of green-skinned pomelos falls sharply due to poor consumption