VietNamNet Bridge - Vietnamese exporters all have reportedly got overjoyed because they have obtained big orders, which gives one more reason to believe that the targeted 10 percent export turnover growth rate in 2013 is within reach. Tran Van Nam, Director of Phuoc Hung Company, said the company has got enough jobs until April 2013 with the products to be exported to key markets of Europe, Japan and Australia. Also according to Nam, Phuoc Hung exports 35-40 containers of goods a month worth $20,000 for each container. On February 20, 5 containers left for the European market. He keeps optimistic about the jobs in 2013, saying that Phuoc Hung plans to march towards the US market. Director of Mifaco 2 Dien Quang Hiep has also said the company has got the orders from the US, Australia, Canada, New Zealand which can provide enough jobs until May 2013. The US market alone would consume 80 percent of the exports. "I think Vietnamese wooden furniture manufacturers have bigger … [Read more...] about Vietnam exports hit the jackpots in first months of the year
Vietnam exports
Yen depreciation unfavorable for Vietnam exports to Japan
Yen depreciation unfavorable for Vietnam exports to Japan Thu Nguyet and Thai Hang By Thu Nguyet and Thai Hang - The Saigon Times Daily HCMC – The yen depreciation is forecast to adversely affect exports to Japan, the main market for many export items of Vietnam. The Japanese yen on Thursday slightly firmed against the U.S. dollar, but it still stayed at a 29-month low, with 87.26 yen in exchange for one U.S. dollar. In 2012, the greenback appreciated 12.8% against the yen, the highest level since 2005, while Vietnam dong has been closely pegged to the dollar. The appreciation was sharp in the final months of the year. In comparison with November 2012, the U.S dollar has appreciated 10% against the yen, according to Reuters. Nguyen Huu Thanh, director of Vietfoods in Can Tho, specializing in shrimp export to Japan, predicted the yen depreciation would be detrimental to export in 2013. “The government of Japan is seeking to depreciate its currency. In my opinion, the … [Read more...] about Yen depreciation unfavorable for Vietnam exports to Japan
Vietnam exports more than imports in 2012: titled but penniless
VietNamNet Bridge - Vietnam, for the second time in history, witnessed a trade surplus of $284 million in 2012, or 20 years after the first time. However, the achievement has not been applauded by economists. When Vietnam exports more than imports? … [Read more...] about Vietnam exports more than imports in 2012: titled but penniless
Vietnam export target hard to achieve
Vietnam export target hard to achieve By Nguyen Quan - The Saigon Times Daily HCMC - Vietnam has found it extremely hard to make its 2009 export target a reality given the protracted economic difficulties both at home and abroad, heard a Ministry of Industry and Trade conference in HCMC on Monday. To achieve the year's target, the nation will have to ship a monthly average of US$6 billion worth of goods to foreign markets in the final five months of the year, around US$1 billion higher than the normal monthly level, said Deputy Minister Nguyen Thanh Bien. Both the local and foreign-invested sectors registered a slide in export. Bien said shipments by local enterprises dropped a staggering 16% to US$20 billion and those by foreign-invested companies plummeted 9% to over US$12 billion. A majority of key export earners like crude oil, seafood and farm produce fell in value due to depressed world consumer demand despite some positive signs at home such as GDP, trade and manufacturing … [Read more...] about Vietnam export target hard to achieve
Vietnam exporters brace for tougher year
Several export staples including rice and seafood hit record highs last year, but industry insiders fear that market conditions will be less favorable in 2012. Laborers work at a factory south of Hanoi. Many Vietnamese exporters worry that market conditions will be less favorable for them in 2012. … [Read more...] about Vietnam exporters brace for tougher year