Chipmaker infineon downgrades 2019 growth on challenging market

However, Prime Minister Nguyen Xuan Phuc told the government’s cabinet meeting last week on Vietnam’s socio-economic development that despite big losses caused by global economic difficulties and the nCoV, the government “has no plans to revise its growth target,” and “greater efforts must be made to reach the set target.” … [Read more...] about Government retaining prudent stance over 2020 growth targets

Four-month CPI growth lowest in three years: GSO Vietnam recorded a year-on-year rise of over 2.7 per cent in consumer price index (CPI) in the first four months of this year, marking the lowest rate of increase seen in three years, according to the General Statistics Office.   … [Read more...] about Different scenarios for Vietnam’s CPI in 2019 outlined

Hanoi (VNS/VNA) - The new trade agreement between Vietnam and the European Union opens many doors for agriculture, according to experts. Nguyen Do Anh Tuan, Director of the Department of International Cooperation, Ministry of Agriculture and Rural Development said the newly-ratified EU-Vietnam Free Trade Agreement (EVFTA) offers plenty of opportunities. He said as the EU imports about 150 billion USD agricultural products each year so the EVFTA would open up a potential market for the local export agricultural products. Tuan told a discussion hosted by the Government Electronic Portal on the EVFTA in Hanoi on February 14 that: “There is room for Vietnamese agricultural products.” Agreeing with Tuan, Chairman of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said: “The EU is a large market with the world's leading purchasing powers and the EVFTA Agreement marks a new phase for Vietnam with favourable conditions for the local enterprises, including the … [Read more...] about EVFTA brings chances and challenges to local agricultural production

Bangkok (VNA) - Thailand risks losing its place as the world’s second biggest rice exporter this year thanks to weaker competitiveness and a lack of new rice varieties to cater to changing market demand. President of the Thai Rice Exporters Association Charoen Laothamatas said amid stiff competition, relatively higher production costs than rivals such as Vietnam, volatile foreign exchange and widespread drought, Thailand risks falling to third this year, with Vietnam taking second place. This year, the association set a rice export goal of 7.5 million tonnes, the same target by the Commerce Ministry, worth 4.2 billion USD, he said.  The target is the lowest in seven years since 2013 when Thailand exported 6.6 million tonnes of rice. Thailand shipped 7.58 million tonnes last year, fetching more than 4.2 billion USD, down 32 percent in volume and 25 percent in value annually./. … [Read more...] about Thailand’s rice export faces challenges in 2020

As far as the business in the market is concerned, the bidding for the ethical drugs (ETC) channel currently accounts for 70% of the drug market share. This segment mainly consists of imported drugs as only very few local drug firms can meet relevant qualifications. Next comes the price competitiveness in the backdrop of a stringently tightened drug bidding market. Meanwhile, the over the counter (OTC) market, which traditionally is the main source of income for many drug companies, has recently shown signs of deceleration. … [Read more...] about A rise with all its concomitant worries