9 million usd to euro

Hanoi (VNA) - Myanmar earned over 2.02 billion USD from the export of finished industrial goods over the first three months of the present fiscal year (FY) 2020-2021 which started in October. As of January 15, the finished industrial goods or manufacturing goods sector topped the list with the most export value, followed by agriculture and mineral sectors among others, Xinhua news agency quoted Myanmar’s Commerce Industry as saying. This year FY's figures decreased by over 1.03 billion USD, compared to the same period of FY 2019-2020 when it registered over 3.05 billion USD. During the period, the country's export totaled over 4.3 billion USD while its import shared over 4.56 billion USD, resulting in a trade surplus of 230 million USD. Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries. About 80 percent of the country's external trade is done through … [Read more...] about Myanmar earns over 2 bln USD from industrial exports

Statistics showed that last year, five groups of products enjoying the largest export turnover to the US included garment-textile, accounting for 24 percent of total shipments, with footwear (11 percent), mobile phones and components (15 percent), computers and electronic products (10 percent) and wooden products (9 percent). … [Read more...] about Vietnam-US friendship thrives after a quarter of a century

The fifth-largest province nationwide geographically, Thanh Hoa has a coastline of 102km, which is favourable for tourism and the development of seaports, along with National Highway 1A, the Ho Chi Minh Highway, the North-South railway and Tho Xuan Airport. It also has favourable conditions for aquaculture, especially shrimp, crab and seaweed.  … [Read more...] about Thanh Hoa: a promising investment destination

HCM City (VNS/VNA) - Vietnam’s imports of high-value seafood such as king crabs and lobsters are rising due to their falling prices, and are expected to rise even further during the Lunar New Year (Tet) Festival, experts have said. Robert Greenan, Deputy Consul General at the US Consulate in Ho Chi Minh City, said last year exports of Alaskan seafood rose 125 percent to 19 million USD. Vietnam became the US’s sixth largest buyer of agricultural products and foodstuffs with imports worth 4 billion USD. According to the Alaska Seafood Marketing Institute in Vietnam, demand for seafood is rising in the country, and several processing factories are moving from China to Vietnam due to tariffs. Alaskan seafood is mostly bought by restaurants and hotels and processors. The institute aims to expand the distribution network so that more customers can buy Alaskan seafood for cooking at home. During Tet, there is especially high demand for Alaskan king crab since it is relatively … [Read more...] about Demand for imported high-value seafood rises

To improve the fund’s effectiveness, UNDP Resident Representative in Vietnam Caitlin Wiesen stressed the need to have a better understanding of the financial ecosystem for SMEs in Vietnam and a strategic role for a new lending channel to boost existing domestic funding. … [Read more...] about Gov’t urged to develop legal framework for direct lending for SME development