Hanoi (VNA) - The agro-forestry-fishery sector recorded a trade surplus of close to 3.3 billion USD in the first five months of 2020, a decline of a mere 2.3 percent year-on-year. According to the Ministry of Agriculture and Rural Development (MARD), shipments overseas during the period brought in nearly 15.5 billion USD, down 4.1 percent year-on-year. Exports of key farm produce, husbandry products, fisheries, and forestry products earned approximately 7.4 billion USD, 210 million USD, 2.6 billion USD, and 4.2 billion USD, respectively. All were down year-on-year, by between 1.5 and 19 percent. Most products saw lower export revenue compared to last year, with earnings for tra fish, rubber, fruit, shrimp, peppercorn, and tea falling sharply. By contrast, shipments of coffee, rice, vegetables, cinnamon, and bamboo and rattan posted higher value. China remained Vietnam’s largest export market in the January-May period, with 3.7 billion USD. Despite showing a decline of 15.5 … [Read more...] about Five-month agro-forestry-fishery trade surplus nearly 3.3bn USD
Rice market price
Saebel: Local tourism can certainly offer a certain supply of customers; however, with the massive hotel expansion which we have experienced over the last few years, it is impossible to fill rooms in a profitable way. We certainly see reluctance in F&B sectors, with once crowded restaurants currently sparsely occupied. During times of emergency, people tend to lean toward frugality and the luxury of a hotel stay becomes an unnecessary expense. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
On account of the registration fee cut, however, many dealers say that the Honda CR-V will lose many of its advantages and even have to join a price war with domestically assembled vehicles. CR-V vehicles are now priced between VND983 million ($42,700) and VND1.1 billion ($47,500), and customers in Hanoi have to pay VND118-131 million ($5,100-5,700) registration fee, while customers only need to pay about VND60 million ($2,600) for a locally built rival Mazda CX-5 or a Hyundai, as registration fees have been cut by 50 per cent for domestically-produced cars. This shows that the future of Honda CR-V in Vietnam is uncertain as price is still a determining factor in sales in the market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30