Trading counters at Agribank Securities Co (Agriseco). Vietnamese shares moved up slightly on Wednesday amid worries about the uncertainty of global stock markets. — Photo tinnhanhchungkhoan.vn Vietnamese shares inched up on Wednesday morning as investors sought safe investment in banks, retailers and food and beverage companies. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.26 per cent to close at 967.12 points. The VN-Index had fallen a total of 3.28 per cent in three straight days since last Friday. Shares of banks, retailers and food and beverage companies became attractive to investors on Wednesday morning. The three sector indices gained between 0.7 per cent and 2 per cent, data on vietstock.vn showed. Investors may be looking for short-term earning opportunities in those sectors amid the uncertainty of the global markets. The Chinese yuan broke its 11-year low early this week amid rising tensions in US-China trade relations, putting pressure on … [Read more...] about VN stocks gain slightly amid global market concerns
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Vietnamese farm produce seeks to reach further in global market
The agricultural sector was able to maintain growth thanks to increases in the export of fruit and vegetable, aquatic products, and forestry products. (Illustrative image. Source: VNA) Hanoi (VNA) – Improving quality is an urgent and long-term solution to help Vietnamese farm produce make inroads into global markets, according to Minister of Agriculture and Rural Development Nguyen Xuan Cuong. He emphasized that quality improvement should be conducted in all industries, particularly in the context of arising technical barriers in many import countries and unexpected changes in world trade. He added that the ministry is negotiating to open more export markets while maintaining traditional ones and limiting dependence on certain markets. The ministry is also optimising opportunities from free trade agreements and focusing on market development forecasts, especially in key markets such as Europe, Japan and China, he added. According to director of the ministry’s Agro … [Read more...] about Vietnamese farm produce seeks to reach further in global market
Google supports Vietnam startups to access global markets
The Hanoitimes - Qualified startups can apply for one of three Google cloud support packages worth US$3,000 – 100,000 per year. Vietnam Silicon Valley provides US$20,000 seeding fund for early stage startups 500 Startups Vietnam launches new accelerator program for 2019 Investors pour US$900 million into Vietnam’s start-ups in 2018 Vietnam’s Techfest 2018 expected to draw more investment in startups Google has announced a support program worth up to US$100,000 to facilitate access to global markets for Vietnamese startups, local media reported. Illustrative photo. The announcement was made at the Google Cloud Startups workshop held in Ho Chi Minh City recently. Qualified startups can apply for one of three Google cloud support packages worth US$3,000 – 100,000 per year. Those include startups with less than five years old and have not received Series B funding, aiming to take their digital products to the international … [Read more...] about Google supports Vietnam startups to access global markets
Vietnam targets 30 – 50% of global market share for wood exports
The Hanoitimes - Most of Vietnam’s woodwork was made from wood logged by local plantations, while restricting material imports and prohibiting illegal timber help limit deforestation. Big opportunities for Vietnam’s wood industry Wood industry plans US$14 billion turnover in 2020 VPA/FLEGT agreement se to boost Vietnam timber’s trade value to EU Vietnam becomes Asia’s timber processing center Vietnam longs for joining top 15 most advanced countries in agriculture Vietnam’s Prime Minister Nguyen Xuan Phuc considers the wood export target of US$11 billion in 2019 underachieves, and targets a 30 – 50% of global market share for wood exports by 2030, the governmental portal reported. Overview of the meeting. Source: VGP. Over the past ten years, Vietnam’s wood export turnover has increased 9-fold, reaching US$9.4 billion in 2018 and becoming the world’s fifth largest and Asia’s second largest wood … [Read more...] about Vietnam targets 30 – 50% of global market share for wood exports
Amazon widens Vietnamese products’ access to global market
The Hanoitimes - Amazon would support Vietnamese enterprises, especially small and medium ones, to access global market and promote brands on Amazon.com. Robust policies and solutions needed to ensure sustainable growth of e-commerce Vietnam e-commerce sales grow 20% annually Amazon plans to enter Vietnam market following Alibaba’s footsteps The Vietnam Trade Promotion Agency (VIETTRADE) under the Ministry of Industry and Trade (MoIT) unveiled its plan for collaboration with Amazon Global Selling program in a bid to boost exports through e-commerce, said the agency in a statement. Illustrative photo. The program assists enterprises worldwide to approach Amazon’s global markets, with sellers being able to contact over 300 million buyer accounts and 175 fulfillment centers around the world. Following the deal, Amazon would support Vietnamese enterprises, especially small and medium ones, to access global market and promote brands on … [Read more...] about Amazon widens Vietnamese products’ access to global market