E trade investment

At the event (Photo: VNA)   Phnom Penh (VNA) – Representatives from nearly 100 firms attended the Vietnam – Cambodia Trade and Investment Promotion Forum 2019 held in Phnom Penh on November 22. The event took place at a time when Cambodia’s economy has enjoyed steady growth, reaching 7 percent annually over the past two decades while its people’s lives have improved. About 50 Vietnamese firms and research units explored business opportunities and discussed with representatives from the Cambodian Ministry of Commerce and the Council for the Development of Cambodia (CDC) about regulations on licensing foreign projects in specific areas. CDC Deputy Secretary General Chea Vuthy answered questions about regulations on land lease in Cambodia for agricultural development, adding that Cambodia wants to develop herbal plant zones to not only serve domestic demand but also exports to regional countries. Vietnamese Ambassador to Cambodia Vu Quang Minh … [Read more...] about Vietnam-Cambodia trade-investment promotion forum held

The US-China trade war may be behind such a record figure. Vietnam’s trade deficit with China hit a record high of US$29 billion in the first ten months of 2019, an increase of nearly US$9 billion over the same period last year, according to the General Department of Vietnam Customs (GDVC). In the January – October period, Vietnam spent over US$62 billion on importing goods from China, up 16.1% year-on-year and accounting for 29.6% of the country’s total imports. While the imports increased sharply, Vietnam's exports to China were about US$33 billion, down 1.4% year-on-year or about US$500 million, accounting for 15% of total exports. Vietnam ran a deficit of over US$24 billion with its giant neighbor in the whole 2018. A report from Bao Viet Securities Company (BVSC) attributed the US – China trade war to the widening of the deficit. Since the trade war between the two major countries broke out, many experts and regulators warned that Chinese goods would seek … [Read more...] about Vietnam Jan-Oct trade deficit with China hits record high of US$29 billion

Illustrative image (Source: Internet)   HCM City (VNA) - The third European Art of Living Exhibition - EuroSphere 2019 which gathers over 50 European age-old brands in the field of food and beverage, fashion, jewelry, cosmetics, perfume, furniture, cars, education, real estate and tourism, opened in Ho Chi Minh City on June 14. Extending on the success of previous years, the annually European consumer and consumer goods exhibition resumes its role of bridging and harmonising Western and Oriental cultures. Particularly, for the first time, the EuroSphere 2019 expanded to service industries, assisting Vietnamese people who want to invest in Europe. This year’s event offers free openings to visitors throughout the three days of the exhibition; providing opportunities for Vietnamese consumers to experience "made in EU" products, as well as meet directly with manufacturers to better understand their products and services. Speaking at the opening ceremony, Ambassador Bruno … [Read more...] about European consumer goods and services exhibition opens in HCM City

A view of Bangkok capital city of Thailand (Photo: AFP/VNA) Bangkok (VNA) - A free trade agreement (FTA) with the European Union (EU) is likely to stimulate not only exports but also imports and investment as well, helping to raise Thailand's GDP by 1.63 percent a year, according to a study. Auramon Supthaweethum, Director-General of the Trade Negotiations Department (TND), said the joint study by the TND and the Institute of Future Studies for Development (IFD) found that an EU-Thailand FTA is expected to help raise exports by 3.43 percent, imports by 3.42 percent and investment by 2.74 percent a year. Other economic figures such as household consumption and public welfare would also benefit from the deal, she said. Thai products expected to reap benefits from the pact, if implemented, include automobiles and parts, garments, electronics, chemicals, rubber, plastics, food and processed food products, machinery and parts, construction, and leather products. Thai products likely to … [Read more...] about FTA with EU expected to boost Thailand’s GDP

A model of Dragon Riverside City project, developed by Saigon Vina Real Estate JSC (Land Saigon) in HCM City. In October, Land Saigon issued 1.85 trillion VND worth of three-year bonds with a fixed yield rate of 11 percent per annum (Photo courtesy of Land Saigon) Hanoi (VNS/VNA) - Investors should make careful decisions when purchasing corporate bonds, especially coming with high yield rates, to avoid risks, the Ministry of Finance (MoF) has said. The MoF has issued the warning, saying investors should not be lured by high bond yield rates. According to the ministry, risks that investors may face include the firm’s failure to fulfil the terms and conditions of its bond issuance, failure to make full payments when the debt is due, or the issuer may not fulfil its commitment to investors on the redemption of bonds before the maturity date. Whether the issuer can repay depends on its financial capacity and business performance, the MoF said. High rates Bond … [Read more...] about Finance Ministry warns of risks in high bond yield rates