Ethiopian news april 3 2021

A Long Chau drugstore. The pharmaceutical retail market was seeing the rapid expansion of modern drugstore chains. — Photo FPT Retail The winds of change are blowing through Viet Nam’s retail pharmaceutical industry, with giants wrapping up investments to establish modern retail chains in an anticipated fast-growing market, which mom-and-pop stores currently dominate. After Pharmacity, FPT’s Long Chau, and Mobile World Investment Corp’s An Khang pharmacy chains, Masan Group is supposedly gearing up preparations to enter the pharmaceutical retail market. According to the national portal about business registration, Winphar Trading Services Corporation was founded on March 31 with WinCommerce, holding a stake of 80 per cent, Do Thi Hoang Yen and Tran Phuong Bac, 10 per cent each. WinCommerce, a member of Masan Group, currently operates the most significant nationwide grocery modern trade retail platform Winmart and Winmart+ while Yen and Bac both held important positions at … [Read more...] about Giants reshape retail pharmaceutical market

Workers produce electronic components at a factory in the northern province of Hung Yen. — VNA/VNS Photo The Vietnamese manufacturing sector remained in growth territory at the start of the third quarter of the year, but there were some signs of demand softening. As such, output, new orders and employment all increased at weaker rates than in June, according to S&P Global. In a survey released on Monday, S&P Global said the Vietnam Manufacturing Purchasing Managers' Index (PMI) remained above the 50.0 no-change mark for the tenth successive month in July, signalling a further strengthening of business conditions. That said, at 51.2, down from 54.0 in June, the index signalled a softer improvement. New orders increased for the tenth month running, but the rate of expansion eased to the weakest since April. New export business rose solidly, meanwhile, and at a faster pace than total new orders. The continued growth of new orders encouraged manufacturers to keep expanding … [Read more...] about Viet Nam’s manufacturing output continues to rise

Workers manufacture mechanical gear at Japanese-invested RK Engineering Co in Dinh Vu Industrial Zone in the northern port city of Hai Phong. — VNA/VNS Photo Danh Lam The number of enterprises and employees working in the non-State sector and FDI increased rapidly, whereas that of the State sector fell markedly. This is one of the contents of a survey conducted by the General Statistics Office, which has just been announced in the Publication of the 2021 Economic Census. Accordingly, by type of enterprise, the non-State enterprise sector concentrated the most enterprises and employees as of December 31, 2020, with 660,100 enterprises, accounting for 96.4 per cent of the total number of enterprises nationwide. The sector attracted 8.6 million employees, accounting for 58.6 per cent of the total number of employees. The FDI enterprise sector has the fastest growth rate in the number of enterprises among the three industries. It accounts for an increasingly large share of the … [Read more...] about Enterprises, workers in non-State sector and FDI rise rapidly

Rach Gia Port in the southern province of Kien Giang is under construction with investment capital from the Government. The Government's public debt is said not to be affected by the appreciation in value of the greenback this year. — VNA/VNS Photo The Ministry of Finance (MoF) has announced that the appreciation in the value of the greenback did not make much impact on the Government’s public debt and debt payment. Under the exchange rate fluctuations of the three main currencies (US dollar, Japan yen and euro), the Government's outstanding debt by the end of this year is estimated to reduce by about VND57 trillion (US$2.4 billion) or a decrease of 2 per cent compared to outstanding debt late last year. Based on the selling rates of the central bank, one US dollar has strengthened by 1.1 per cent in value against one Vietnamese dong since the beginning of this year. Thereby, the Government’s debt balance is estimated at $213 million (or VND5 trillion compared to late 2021). … [Read more...] about Gov’t public debt payment suffers less impact from US dollar appreciation

Making clothes at a garment company in Ha Noi. Clothing is among the top 5 export products to UK markets. — VNA/VNS Photo Viet Nam enjoyed a trade surplus of 3.9 billion pounds (over US$4.7 billion) in the four quarters to the end of March 2022, up nearly 22 per cent over the same period to 2021, reported the UK’s Department for International Trade. The data released early this week showed total trade in goods and services (exports plus imports) between the UK and Viet Nam was 5.7 billion pounds, an increase of 15 per cent year-on-year. During the reviewed period, total UK exports to Viet Nam amounted to 905 million pounds (an increase of 0.2 per cent), of which export of goods accounted for 68.3 per cent at 618 million pounds, up 3 per cent year-on-year, while services were 287 million pounds, making up 31.7 per cent and down 5.3 per cent year-on-year. Major products shipped from the UK to Viet Nam included pulp and waste paper (74.4 million pounds), medicinal and … [Read more...] about Viet Nam records $4.7 billion trade surplus with UK over 12 months

Workers wrap up and label durians. Vietnamese durians have made a name for themselves as a great-tasting fruit in many countries, but that's only the story's beginning. — Photo baomoi.com Vietnamese durians have made a name for themselves as a great-tasting fruit for overseas consumers but still have a long way to go the maintain their position on the international scene, according to insiders. Dang Phuc Nguyen, General Secretary of the Viet Nam Fruits and Vegetables Association, reveals that China, the largest importer of fresh Vietnamese durians, has allowed the fruits to be imported via official channels from July 12. However, these opportunities come with obstacles as the Chinese General Administration of Customs (CGAC) requires that Vietnamese exporting firms and growing areas register with the Vietnamese Ministry of Agriculture and Rural Development (MARD), and the registrations must be sent to CGAC for approval before the fruit can enter the country. "Durians from … [Read more...] about Long way to go for Vietnamese durian