A Vietnamese booth at WorldFood Moscow 2019. — Photo nhandan.com.vn MOSCOW Ten Vietnamese companies are showcasing their products at WorldFood Moscow 2019, one of Russia's leading food and drink expos, which opened in Moscow on Monday. Among their goods are farm produce such as rice, coffee, tea and cashew nuts, as well as seafood, forestry, canned fruits, dairy products, juice drinks and beer. Since its inception in 1991, the major exhibition, which serves the global food and drinks industry, has grown to become the entry point for international manufacturers looking to enter the vibrant Russian market. Every year, the event connects thousands of businesses from around the world with Russia's key food and drink buyers, including retail representatives from Russia’s leading supermarket chains, wholesalers and food manufacturers. Nguyễn Thị Mỹ Nhi, president of Tín Thịnh Co, which … [Read more...] about Vietnamese firms join int’t food fair in Russia.
Vietnamese wholesale companies
Việt Nam’s strong economic growth would continue this year, driven by increasing FDI and robust domestic demand. — VNS Photo Lê Vy HÀ NỘI — Since its emergence early last year, the US-China trade conflict has not shown signs of easing. Companies are increasingly concerned about the impact of trade tariffs and other trade protection measures, with many actively planning to divert their production from China.These issues were discussed at a conference titled “From manufacturing in Việt Nam to Made-in-Việt Nam products” on Thursday. Meanwhile, Việt Nam has emerged as a prime manufacturing location in Asia. Việt Nam’s economy expanded 7.1 per cent last year, the fastest growth in the past decade. All major sectors recorded notable growth, buoyed by manufacturing, construction, wholesale and retail, and tourism. Việt Nam’s strong economic growth would continue this year, driven by … [Read more...] about Việt Nam, Asia’s new manufacturing hub
Fish sauce on the shelves at supermarket. Masan Group (MSN) shares fell 1.3 per cent on Friday. — Photo vietnamfinance.vn Following negative movements on global markets, Vietnamese shares extended their losses on Friday. The benchmark VN-Index on the Ho Chi Minh Stock Exchange slid 0.06 per cent to close at 989.20 points. Nearly 175 million shares were traded on the southern bourse, worth VND3.54 trillion (US$151.3 million). The VN-Index lost 0.47 per cent to close Thursday at 989.82 points. China's third-quarter GDP growth fell to its lowest level in nearly three decades on Friday, negatively affecting investor sentiment. Main European bourses fell a modest 0.1 per cent-0.3 per cent after Asia had been led lower by a 1.2 per cent slump in top Chinese shares. Dragging the market down on Friday were the securities, banking, oil and gas, construction materials, logistics, insurance, rubber production, wholesale and securities sectors. The sector indices fell between 0.06 per cent … [Read more...] about Shares extend losses on weak China growth
Looking ahead, Vietnam will benefit from positive trade diversion effects, albeit at a lower momentum, as well as healthy domestic demand and solid foreign direct investment (FDI) inflows that will support investment. Overall economic growth across the region in the first half of 2019 slowed to 4 per cent on the year compared to the 4.5 per cent in the second half of 2018. This is the result of spillovers from the US-China trade war, slower Chinese domestic demand, and a downturn in the global electronics cycle. Indeed, only Vietnam and Malaysia have outperformed the region, reflecting a more modest deceleration in export growth and resilient domestic demand. Meanwhile, slower export momentum weighed heavily on the growth of trade-dependent economies such as Singapore, Thailand, and the Philippines. Sian Fenner, ICAEW economic advisor and Oxford Economics Lead Asia economist, said, “Amid ongoing global headwinds and uncertainty around the outcome of US-China trade talks, we … [Read more...] about Vietnam set to outperform Southeast Asia in 2019 GDP growth
By sector, retail, wholesale, insurance, securities, oil and gas, banking, healthcare, agriculture, information and technology, food and beverage, seafood processing and construction materials were the gainers this morning. — Photo ndh.vn Positive movements on the US stock market during Tuesday’s overnight trading brought bright prosperity to the Vietnamese market on Wednesday morning. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.30 per cent to end Wednesday morning session at 996.01 points. Some 105.6 million shares worth nearly VND2 trillion (US$86 million) were traded on the southern market. The VN-Index slid 0.05 per cent to end Tuesday at 993.05 points. On the US stock market, the Dow Jones Industrial Average rose 237.44 points, or 0.89 per cent, to 27,024.8. The S&P 500 gained 29.53 points, or 1.00 per cent, to 2,995.68 and the Nasdaq Composite added 100.06 points, or 1.24 per cent, to 8,148.71. On the local market, banking groups performed … [Read more...] about Local shares go up on global rise