Special products and factoring

Double digit export growth According to the Hanoi People’s Committee, the export turnover of goods in June 2022 reached about US$1.517 billion, up 6.8 percent from May 2022 and 17.5 percent from June 2021. In the first half of this year, the commodity exports turnover reached US$8.3 billion, up 17.1 percent over the first half of 2021. Some key items with increased export turnover in this period included textile and garment, reaching US$1.22 billion, up 29.6 percent; computer components and peripherals, US$1.072 billion, up 20.2 percent. The total import turnover of goods hit US$3.675 billion in June and US$20.5 billion in the first six months of 2022, the latter of which is 24.5 percent higher than the same period in 2021. Among the items of highest value were machinery, equipment and spare parts reaching US$2.996 billion, down 5.6 percent; petroleum US$2.934 billion, 2.8 times higher than the same period in 2021; computers, electronic goods and components at US$1.535 … [Read more...] about Hanoi helps firms implement trade deals

Cooperation between Hanoi and Vientiane remains an example of the long-standing and special relations Vietnam-Laos. Hanoi and Vientiane have been taking steps to bolster economic ties during the Vietnam-Laos 2022 Solidarity and Friendship Year. Overview of the “Hanoi-Vientiane Cooperation for Development” investment, trade, and tourism conference. Photo: The Hanoi Times At the investment, trade, and tourism conference titled “Hanoi-Vientiane Cooperation for Development” on August 10, Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen noted the cooperation between Hanoi and Laos’ provinces in general, and with Vientiane in particular, have been progressing in all spheres, including priority fields of economy, healthcare, education, agriculture, military, and people-to-people exchange. Echoing Quyen’s view, Vice Director of the Hanoi’s Department of Planning and Investment Nguyen Ngoc Tu added since 2004, Hanoi has been funding several projects to … [Read more...] about Hanoi – Vientiane bolster economic ties

With diversified models and attractive displays, shopping centres in Hanoi are catching the eye of customers in anticipation of Valentine’s Day (February 14). Market full of fresh flowers and gifts Presents for couples such as jewelry, teddy bears, T-shirts, decorative objects and gift boxes are on sale along Luong Van Can, Lo Duc and other main streets. A small box of domestic chocolates costs from at least VND50,000-100,000 up to VND300,000-500,000. Imported boxes of chocolates with particular designs are worth more than VND 1 million each. Meanwhile, the price of roses hovers around VND 10,000 per flower. A bunch of roses sells for VND 150,000-250,000, and orchid goes for VND 250,000-350,000. Especially, each basket of artistic flowers on order is between VND 400,000-700,000. Home-made name cards attached to gifts cost VND15,000-30,000 each while foreign ones are three or four times more expensive. Name cards made in China are fairly cheap at VND … [Read more...] about Busy market for Valentine’s Day