Workers at the TNG Thai Nguyen Investment and Trading JSC produce garments for export. Viet Nam’s textile export value rose almost 9 per cent in eight months of this year. — VNA/VNS Photo Hoang Nguyen Viet Nam Textile and Apparel Association (Vitas) said the total export value of textiles, fiber, and cloth reached US$25.7 billion in the first 8 months of the year, up 8.6 per cent year on year, including 60.6 per cent from foreign direct investment (FDI) enterprises. The textile and garment industry spent $14.9 billion to import textile and garment materials for production, up 2.3 per cent year on year, including 62 per cent from FDI enterprises. The industry’s trade surplus in the first eight months reached $10.8 billion. According to the Ministry of Industry and Trade, domestic textile enterprises face many challenges in production and business activities. The US-China trade war has affected exchange rates, leading to higher prices of processed goods in Viet Nam … [Read more...] about Viet Nam’s textile export value up almost 9% in eight months
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Cars, showrooms: Peugeot brings European standards to Viet Nam
Peugeot cars on display at a showroom in Viet Nam. Peugeot showrooms in Viet Nam are built to its global standard, 3S, in prime locations to provide customers with maximum convenience and European-class products and services. — Photo courtesy of Thaco Peugeot showrooms in Viet Nam are built to its global standard, 3S, in prime locations to provide customers with maximum convenience and European-class products and services. Since entering Viet Nam in 2013, Peugeot, the legendary car brand from France, has increasingly attracted customers. In the first eight months of 2019 a total of 2,200 Peugeot cars were delivered to Vietnamese customers. Peugeot Vietnam also had an unexpectedly successful year in 2018, selling more than 4,400 units, the highest ever and 10.6 times the previous years sales. With a history of more than 200 years, Peugeot cars with their sophisticated design, modern technology and strong performance have brought European luxury and elegance standards for cars to … [Read more...] about Cars, showrooms: Peugeot brings European standards to Viet Nam
France-Viet Nam waterway shipping route inaugurated
The first containers are shipped from France to Viet Nam via the new waterway route linking an inland port in the French department of Yonne with Cai Mep seaport in HCM City. — VNA/VNS Photo Nearly 600 tonnes of malt from France’s central Bourgogne-Franche-Comte region will be shipped weekly to Viet Nam via a new waterway route linking an inland port in the French department of Yonne with Cai Mep seaport in HCM City. The route will create favourable conditions for trade ties between Bourgogne-Franche-Comte region and Viet Nam, which is expected to thrive thanks to the European Union-Viet Nam Free Trade Agreement (EVFTA) signed on June 30. From September, malt planted in Yonne will be transported to Viet Nam to produce beer. The two sides recently inked a contract on shipping the first batch of 5,000 tonnes of malt to Viet Nam. Vietnamese Ambassador to France Nguyen Thiep stressed that the shipping route allows businesses to transport goods at a high speed to the two … [Read more...] about France-Viet Nam waterway shipping route inaugurated
World’s leaders congratulate Viet Nam on National Day
14:16 | 02/09/2019 VGP – World’s leaders have extended congratulations to Viet Nam on the occasion of the 74th anniversary of National Day (September 2, 1945-September 2, 2019). Chinese Party General Secretary, President Xi Jinping and Premier Li Keqiang cabled separate congratulatory messages to Vietnamese counterparts Nguyen Phu Trong and Nguyen Xuan Phuc, respectively while Chairman of the Chinese National People’s Congress Li Zhanshu sent a message of congratulations to Vietnamese top legislator Nguyen Thi Kim Ngan. In their messages, Chinese leaders spoke highly of the achievements gained by Viet Nam over the past time, expressing their belief that Vietnamese people will continue to successfully realize the goals set by the 12th National Party Congress under the leadership of the Communist Party of Viet Nam. The Chinese leaders affirmed that China attaches importance to, and stands ready to work with Viet Nam to boost the Comprehensive Strategic Cooperative … [Read more...] about World’s leaders congratulate Viet Nam on National Day
Viet Nam-Oman to boost co-operation
Sheikh Sultan Saif Hilal Al-Mahruqi, Ambassador of Oman in Viet Nam and Deputy Minister of Foreign Affairs of Viet Nam Nguyen Phuong Nga at the ceremony. — VNS Photo There are significant opportunities for co-operation between Oman and Viet Nam, heard attendees at the ceremony to celebrate the 48th anniversary of Oman’s National Day. Speaking at the ceremony held in Ha Noi on Monday, Deputy Minister of Foreign Affairs of Viet Nam Nguyen Phuong Nga said that Viet Nam highly appreciated the active movement of Oman investors when investing in infrastructure projects in Viet Nam. "The potential for co-operation between the two countries is great, especially in the field of commerce, investment and labour exchange,” she said. "Thanks to the efforts of the two governments, the bilateral relationship between Oman and Viet Nam has been steadily developing since the two sides established diplomatic relations in 1992. The Viet Nam-Oman Investment Joint Venture (VOI) is … [Read more...] about Viet Nam-Oman to boost co-operation