“I expect Vietnam’s economy to continue to be one of the world’s fastest growing in the coming years,” said Dr. Frank Jurgen, Chairman of the Horasis in an interview with VietNamNet’s Lan Anh. Vietnamese Deputy PM Trinh Dinh Dung and Dr. Frank Jürgen Richter, Chairman of Horasis - Photo: VGP This is the second time that the Horasis Meeting will be organized in Vietnam. What are the key messages and solutions to be given at the meeting? How do you think foreign investors view Vietnam? Vietnam is stuck in the middle of the US-China trade war. What are the advantages and challenges that Vietnam faces? Vietnam's economy in the past 30 years has been growing rapidly and is one of the best in the world. However, other economies have also been growing fast and strongly. Do you think that Vietnam has a chance to catch up with those economies? What are the areas that Vietnam needs to change? How long do you think the US-China trade war … [Read more...] about Vietnam – a destination for foreign investors
Vietnam breaking news
Vietnam’s businesses try to exploit unfamiliar markets
Meeting barriers in loyal markets, Vietnam’s businesses have begun eyeing Nepal, the Democratic People’s Republic of Korea and Islamic countries in an effort to diversity export markets. The Halal Certification Office in Tan Binh district in HCMC confirmed that hundreds of Vietnam’s businesses have come to the office to receive training and follow procedures to obtain certificates on meeting Halal standards for Muslims (with no pork, dog meat, alcoholic ingredients and prohibited additives in the content). The businesses include big names such as Orion Vina Food, Vinamilk, Nestle Vietnam, Cai Lan Vegetable Oil, Tien Giang Food and Friesland Campina. Many certificates were granted to seafood companies, including Minh Phu, An Phu and Hung Ca. Nguyen Thi Ngoc Hang, head of marketing division of the office, said Vietnam has great advantages in exploiting Halal market because it has abundant farm and seafood materials. The businesses include big names such as Orion … [Read more...] about Vietnam’s businesses try to exploit unfamiliar markets
Vietnam motorbike market remains healthy
With 3.3 million motorbikes bought each year, the fourth largest market in the world for motorbikes continues to grow, with manufacturers launching new models into the Vietnamese market. The Vietnam Association of Motorbike Manufacturers (VAMM) says that 3,386,097 motorbikes were sold in 2018, an increase of 3.5 percent over 2017. In Q1 2019, the total number of products sold by its five members, namely Honda, Yamaha, Suzuki, SYM and Piaggio, were 753,934, of which the sale of Honda accounted for 74.6 percent. These figures were released by foreign invested motorbike manufacturers in Vietnam. Other brands also have products sold in the market, from popular brands such as Kymco to better known ones such as Kawasaki. Soon after launching Freego, a scooter model for men in mid-May, in early June, Yamaha Vietnam introduced Latte 125 cc for women. The Italian manufacturer Piaggio introduced Vespa Sprint S and Vespa Primavera. In early June, it once again launched new models – Piaggio … [Read more...] about Vietnam motorbike market remains healthy
Vietnam’s exports see more opportunities in world market
By increasing processed and high-tech products and taking advantage of free trade agreements, Vietnam’s goods are being increasingly chosen by consumers in the world market. The Ministry of Industry and trade (MOIT) reported that raw exports are on the decrease, while processed and hi-tech industrial products are on the rise, especially farm produce, phones and electronic components. By the end of April 2019, phone and electronic export turnover had reached $16.01 billion, of which the exports to the EU alone brought $.438 billion. Meanwhile, Vietnam earned $3.32 billion from the US market, an increase of 94.4 percent, and $1.67 billion from South Korea, an incraese of 8.1 percent compared with the same period last year. As for textiles and garments, the export value in the first four months of the year was $9.46 billion, increasing by 10.2 percent. According to the General Department of Customs (GDC), the US remains the biggest textile and garment importer, consuming $4.42 … [Read more...] about Vietnam’s exports see more opportunities in world market
Vietnam warned its woodworks may be taxed by the US
Vietnam’s woodwork industry runs the risk of being watched by the US government for taxation as its export turnover has soared, especially in the context of the sharp rise in Chinese investment. Reports show that Chinese investors have poured big capital into woodwork projects in Vietnam. Vietnam exported $3.6 billion worth of wooden products in 2018, an increase of 30 percent over 2017. In the first four months of 2019, the export turnover hit $1.4 billion, or 1.4 times higher than the same period last year. If the Q1’s export expansion can be maintained, Vietnam would become the seventh largest woodwork supplier in the US in 2019 instead of the 12th, Phuc predicted. Kim Chi Woodwork exports soar, but it’s not all good news Woodwork exports increased sharply in Q1, partially thanks to higher demand from the US. However, experts say this may not be good news for the industry. Surge in woodwork exports Stateside raises concerns Although … [Read more...] about Vietnam warned its woodworks may be taxed by the US
