China export and credit insurance corp

Illustrative image (Source: internet) Bangkok (VNA) – Thailand’s Ministry of Commerce has reported that the country’s exports of fruits and vegetable to China surged 31 percent in the January-May period to 1.2 billion USD. Export revenue of fruit rose 123 percent to 838.61 million USD. Of the figure, earnings from durian accounted for 48.5 percent, followed by longan, mangosteen and coconut. However, export revenue of vegetable in the period was only 361 million USD, a drop of 33 percent year on year. Cassava was the major currency earner of the country which made up 96 percent of the total exports of farm produce to China, followed by beans and dried vegetable. Speaking to the local media, Auramon Supthaweethum, head of the Thailand’s Ministry of Commerce’s Department of Trade Negotiations, said that the ASEAN-China Free Trade Agreement (ACFTA) helped facilitate exports of vegetable and fruits. She held that the deal is an important tool for … [Read more...] about Thailand sees strong rise in exports of vegetable, fruits to China

Lychees for exports (Photo: VNA) HCM City (VNA) – With the positive outcomes from 2017 and the first quarter of 2018, Vietnam is likely to gross 10 billion USD from exporting fruits and vegetables in the foreseeable future, according to Deputy Minister of Agriculture and Rural Development Le Quoc Doanh. The Southeast Asian country earned a record 3.45 billion USD from fruit and vegetable exports in 2017, a year-on-year rise of 40.5 percent, much higher than traditional staples like rice, crude oil and coffee. In January-March this year, Vietnam raked in 960 million USD from fruit and vegetable exports, up 35.6 percent against the same period last year. Doanh said the country is shifting ineffective rice cultivation areas to grow fruits under the national agricultural restructuring programme.  Provinces in the Mekong Delta region such as Tien Giang, Dong Thap and Can Tho have zoned off large areas for growing fruits, he added. Furthermore, most farmers in the region are … [Read more...] about Vietnam targets 10 billion USD from fruit, vegetable exports

Vietnam Economy Apparel exports down, leather footwear shipments up By Lan Nhi Friday,  Dec 6, 2019,09:47 (GMT+7) Apparel exports down, leather footwear shipments upBy Lan Nhi Local employees work at an apparel firm. Unlike the apparel sector, which is facing a slowdown due to the decline in orders, Vietnam’s leather and footwear exports are on the rise - PHOTO: VNA HANOI – While the country saw a year-on-year decline of 20% in textile and garment export orders in the January-November period, the shipment of leather footwear edged up 8%-10% during the 11-month period. Although the revenue from apparel exports over the period amounted to an estimated US$29.9 billion, up 7.8% year-on-year, the number of orders shipped to foreign countries tumbled, equal to 80% of the figure seen in the same period last year, according to a report by the Ministry of Industry and Trade. In the past, at the end of the fourth … [Read more...] about Apparel exports down, leather footwear shipments up

Hanoi (VNA) – The Ministry of Industry and Trade’s Import – Export Department has recently warned of the increase in trade fraud through labeling products as “Made-in-Vietnam”. "Made in Vietnam" labels. Detailed regulations for labeling “Made in Vietnam” for products needed to be raised prevent origin frauds (Photo: toquoc.vn) The labeling of products as “Made-in-Vietnam” aimed to benefit from free trade agreements to which the country is a member and to avoid trade defence mechanisms by importing countries. The department said that origin fraud would not only negatively affect the products and the local industry but also undermine the competitiveness of made-in-Vietnam products. It added that a number of traders remained unaware of the impact of origin fraud on the country’s production. Vietnam does not have regulations on labeling products as "Made-in-Vietnam", thus, consumers did not know whether the products were … [Read more...] about Ministry warns of increasing trade fraud via “made-in-VN” labelling

Office absorption in Q1 grew to 77,101 sq ft from negative territory in last quarterAmid the weak demand from PRC firms and co-working operators, rents in Greater Central were flat but were largely stable in other submarkets, supported by continued decentralizationRetail locations on the Kowloon side are benefiting from the new transportation links and are forecast to see relatively strong rental growth this year.HONG KONG, CHINA - Media OutReach - 10 April 2019 -Office absorption rose to 77,101 sq ft in Q1 from negative territory, supported by the realization of pre-commitments in two recent completions totalling 127,483 sq ft along with some easing in trade tensions between China and the U.S. Demand was heavily driven by relocation and consolidation requirements, with the insurance sector particularly active. However, rents in Greater Central which were flat in the quarter showed signs of beginning to peak, on the back of weak demand from PRC firms. In the retail … [Read more...] about Pre-leasing in newly completed buildings drives increase in office absorption levels while rents show signs of peaking