The Hanoitimes - Many foreign manufacturers in China are speeding up plans to move their factories from China to Vietnam in a move to take advantages here and avoid impacts of the US-China trade conflict. Vietnam is establishing itself as the industrial powerhouse in Southeast Asia According to Frederick Burke, general director of law firm Baker McKenzie Vietnam, in recent months, his firm has received many Chinese business delegations, who want to promote the opening of factories in Vietnam to shift their production from China to the Southeast Asian nation as soon as possible in a move to avoid a 25 percent tax rate imposed by the US on Chinese goods. Explaining why the manufacturers choose Vietnam, Burke said that Vietnam is not only a garment outsourcing address for the world but is stepping up its position in the global supply chain now. In fact, the outsourcing cost in Vietnam has increased, so investors here are looking for more value-added forms, such as supply chain … [Read more...] about Foreign manufacturers rush to relocate production from China to Vietnam
Export rice from india to usa
Việt Nam helds international conference on export rice
The World Rice Conference is an important opportunity for Vietnamese businesses to meet and seek partners in trading rice and to advertise Vietnamese rice products. — Photo baodautu.vnViet Nam News HÀ NỘI — The Ministry of Industry and Trade will host an international conference on Vietnamese rice in Hà Nội on October 10. The conference will be held on the sidelines of the Rice Trader (TRT) World Rice Conference in 2018, the world’s premier rice trade conference, which will be held from October 10-12, 2018 in Hà Nội. The conference is an important opportunity for Vietnamese businesses to meet and seek partners in trading rice and to advertise Vietnamese rice products, according to the ministry. In addition, the conference will bring solutions to Vietnamese rice exporters to improve the competitiveness of their products against those of Thailand, India or Cambodia, aiming at maintaining the market shares of Vietnamese rice in … [Read more...] about Việt Nam helds international conference on export rice
India to hold fiber exhibition
Viet Nam News HCM CITY – Source India 2018, India’s largest manmade fiber exhibition, is expected to provide opportunities for Vietnamese textile firms to network and strengthen business relationships, Shri P. Harish, Ambassador of India to Việt Nam, said at a business meeting yesterday in HCM City. The event, to be held in Surat, India from September 21-23, is expected to attract the participation of around 200 international suppliers of man-made fiber and 200 global buyers in the textile and garment industry, according to India’s Synthetic & Rayon Textiles Export Promotion Council. Exports of cotton, fabric, yarn and other textile materials from India to Việt Nam in 2017 was around US$550 million, Harish said. He said that Indian textile companies are capable of satisfying Việt Nam’s demand for textiles and urged India’s export promotion council to increase material exports to Việt Nam. “This would also meet a … [Read more...] about India to hold fiber exhibition
Bangladesh to import 1 million tons of rice from Vietnam annually
A Memorandum of Understanding (MoU) on rice trade between the Vietnamese and Bangladeshi Governments was signed on May 23rd, in Hanoi. Under the 5-year MoU Vietnam will provide 1 million tons of rice of all kinds to Bangladesh each year, depending on the demand and price of the world market. Right after the signing, the Bangladeshi side announced that it would buy about 250,000-300,000 tons of 5% broken rice of Vietnam. The partner invited Vietnamese traders to Bangladesh at the earliest convenient time to work on and negotiate prices, volume and mode of delivery for the order. In addition, Bangladesh also expressed its hope of purchasing a total of about 500,000 tons of Vietnamese rice from now to the end of 2017. According to Minister of Industry and Trade Tran Tuan Anh, the MoU marked an important milestone in the good traditional relations between Vietnam and Bangladesh, helping enhance and further promote the economic relations and trade. In addition, the deal would maintain a … [Read more...] about Bangladesh to import 1 million tons of rice from Vietnam annually
Rice buyers turn to Vietnam as prices stay firm in Thailand, India
Buyers of Asian rice turned to Vietnam this week as prices remained firm in Thailand and India, traders said on Thursday. Buyers of Asian rice turned to Vietnam this week as prices remained firm in Thailand and India, traders said on Thursday. Thai benchmark 5-percent broken rice RI-THBKN5-P1 edged up to $387-$392 a tonne, free-on-board (FOB) Bangkok, from $380-$390 last week. "Some ships are still loading," said a trader in Bangkok. Thai prices went up last week as exporters rushed to fill shipments amid a slow off-season harvest. Prices are expected to remain high for the next one to three weeks, traders said. Trade will likely stay subdued as rice-consuming countries in the Middle East prepare to observe the Islamic holy month of Ramadan, during which Muslims around the world will be fasting. Ramadan begins on May 26 and ends on June 24 this year. Thailand's commerce ministry said on Thursday it will hold the second state auction of the year on May 24 for 1.82 million tonnes … [Read more...] about Rice buyers turn to Vietnam as prices stay firm in Thailand, India