The Vietnamese logistics market is being dominated by foreign service providers, because most of the 1000 Vietnamese operational logistics companies are small and weak. However, analysts hope the situation will be improved thanks to the hand-shaking deals between the companies and banks. At an annual conference of WCA Family of …
Read More »Vietnam sees 2011 trade gap at $14-14.5 bln
Vietnam’s trade deficit this year will widen to between US$14 billion and $14.5 billion, up more than 10 percent from 2010, despite stronger-than-expected growth in export revenues, the government said. Exports would jump 17-18.4 percent from last year to between $84.5 billion and $85.5 billion, following strong growth in the …
Read More »Vietnam first-half trade deficit $6.65 bln
Vietnam’s trade deficit reached $6.65 billion for the first half, official estimates showed Monday, below the government’s target but pointing to continuing problems in the economy, analysts said. Imports in the first six months reached an estimated $48.98 billion, up 25.8 percent year-on-year, while the value of exports is expected …
Read More »EU, Vietnam strategic partners
Jean-Jacques Bouflet, Minister-Counsellor and Head of the Economic and Trade Committee of the EU Delegation to Vietnam stated that the European Union (EU) was a strong strategic partner of Vietnam in all fields from trade, investments to politics and culture. EU is also the second largest foreign market for Vietnam …
Read More »Importers decry restriction policy
Many importers of fast-consuming goods like cosmetics, liquor, mobile phones and cars under nine seats are blasting the new import restriction policy which took effect last Wednesday and left them no time to prepare. According to the Decision No. 197/TB-BCT of the Ministry of Industry and Trade issued on May …
Read More »Vietnam bites into rice market
More of the world’s demanding markets are offering to buy Vietnamese rice, but it is not simple for the product to enter these markets. According to Vietnam’s commercial counselor in South Korea Le An Hai, in 2011 South Korea would import 347,658 tonnes of rice. To carve their names into …
Read More »Vietnam attempts to raise tariffs to restrict luxury imports
The Ministry of Industry and Trade plans to raise the import tariffs in order to control the importation of luxury goods which still have been flocking to Vietnam in big quantities, despite efforts by the ministry to curb the trade deficit. The government established the goal of curbing the trade …
Read More »VN needs Dutch port, coastal experience
Vietnam needs cooperation and experience from marine powers in the world, especially the Netherlands and the seaport city of Rotterdam , said Deputy Prime Minister Hoang Trung Hai. Deputy PM Hai made the statement at a seminar in Hanoi on Mar. 29 on the Rotterdam seaport model – a potential …
Read More »Vietnam to complete Mekong Delta rice storage system soon
Prime Minister Nguyen Tan Dung has requested the Hau Giang provincial People’s Committee to establish a rice storage system as soon as possible by eliminating any current obstacles. He told the local authorities to instruct relevant agencies to reach an agreement with the Vietnam Southern Food Corporation (Vinafood 2) on …
Read More »PPP Framework to Boost Private Investment for Vietnam Infrastructure Projects
A pilot public-private partnership (PPP) legal framework, approved by the Vietnamese government last week, will bolster up private investment in local infrastructure sector. The issuance of the PPP legal framework will allow private investors, especially foreign investors, to push their infrastructure investment plans in Vietnam, said Dang Huy Dong, Deputy …
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