Us china trade talks

“The Philippines have a very strong competitor, and everybody’s talking about Vietnam on their approach and how they are opening up towards foreign investors,” she said. “Vietnam is very strong and of course there is also Malaysia and Singapore too.” … [Read more...] about FDI inflow to Vietnam sees good year ahead

Hanoi (VNA) – Some large electronics manufacturers in Vietnam are feeling the punch from the COVID-19 outbreak as material imports and finished product exports have been affected by tighter border control aimed at preventing the disease from spreading. According to the Industry Agency under the Ministry of Industry and Trade, electrical and electronic products, including mobile phones and televisions, have the biggest turnover among commodities Vietnam trades with China and the Republic of Korea (RoK), where COVID-19 is raging. Like automobile, textile-garment and footwear production, the electronics sector is suffering from a shortage of components for manufacturing. In 2019, Vietnam imported some 40 billion USD worth of electronic components, including 16.8 billion USD from the RoK (accounting for 42 percent), 13.8 billion USD from China (34 percent), and 1.7 billion USD from Japan (4.2 percent). Therefore, border control measures taken to prevent the disease will influence … [Read more...] about Electronics producers face material shortage amid COVID-19 outbreak

Hanoi (VNA) – Minister of Industry and Trade Tran Tuan Anh chaired a meeting in Hanoi on February 26 to discuss support to sectors hit by COVID-19 outbreak. According to the Ministry of Industry and Trade’s Industry Department, Vietnam’s manufacturing and processing sector mostly relies on materials and spare parts imported from China, the Republic of Korea and Japan. The hardest-hit sectors include electricity-electronics; apparel, leather, footwear and handbag; and automobile manufacturing and assembling. By the end of this year’s first quarter, it is forecast that automakers and assemblers will run short of spare parts for manufacturing. Participants suggested the government direct ministries, agencies and localities to work with Chinese counterparts to consider border restriction measures, thus ensuring sufficient input for domestic production. They proposed offering incentives to facilitate the switch of manufacturing, especially spare parts, to … [Read more...] about Working session discusses support to sectors hit by COVID-19

In the next session, the market is expected to follow its uptrend and reach 1,020-1,025 zone shortly. The market’s uptrend may possibly have a gentle slope with a wide divergence among stock groups. Foreign investors maintain their net buy in E1VFVN30 regularly, said Bảo Việt Securities Company (BVSC) in its daily report. … [Read more...] about Cash flow pushes shares up

Truong Van Cam, deputy chairman of Vietnam Textile and Apparel Association (VITAS), told a recent forum many small and medium textile producers would run out of feedstock by the end of this month and may have to close down next month. … [Read more...] about Textile producers face closure as coronavirus cripples imports