Supporting industries

Exporting activities at Cat Lai port (Photo: VNA) Hanoi (VNA) – Although Vietnam enjoyed a high trade surplus in the first nine months of this year, numerous difficulties and challenges lie ahead for export activities in the rest of the year, while many large exporters are showing signs of staying still. According to the Ministry of Industry and Trade , in the first-nine period, import-export turnover increased by 15.1% to 558.5 billion USD, with a trade surplus of 6.52 billion USD. However, in September, export revenue reached only 29.94 billion USD, down 14.3% year on year. The ministry held that the reason behind the situation was the slow economic recovery in some of Vietnam's major trade partners, where consumers tend to tighten their spending. Meanwhile, many garment and textile, footwear, wooden furniture and handicraft exporters have reported a drop in orders, likely to prolong until the beginning of next year. Truong Van Cam, Vice President and General … [Read more...] about Exporters to face difficulties in year-end period: experts

Vietnamese businesses learnt about Rules of Origin in EVFTA On December 2, the ARISE+ Vietnam Project in coordination with the Agency of Foreign Trade (AFT), under the Ministry of Industry and Trade (MoIT), organised a workshop on “Capacity building on effective implementation of EVFTA’s Rules of Origin.” Funded by the EU, the workshop falls under the project “Technical support for the ARISE+ programme in Vietnam” in efforts to effectively implement the EVFTA . The workshop aimed to enhance export companies’ understanding of criteria for determining the origin of goods in the EVFTA, compared with the Generalised System of Preference (GSP), and to discuss procedures for issuing C/O form EUR.1. During the panel discussion, experts and ministerial officials addressed questions and provided some recommendations for businesses during the implementation of the EVFTA after the expiration of the GSP. Deputy director of AFT Do Thi Thu Huong emphasised the importance of the EVFTA … [Read more...] about Vietnamese businesses trained in EVFTA’s Rules of Origin

Having been present in the market for a few years, how has Dat Bike performed thus far? Son Nguyen, CEO of Dat Bike We are lucky and grateful to have received support from partners, suppliers, and customers in that time. We have had commercial products in the market since 2020. Dat Bike has introduced two flagship electric motorbike models, the Weaver and Weaver 200, and opened a chain of stores in Hanoi, Danang, and Ho Chi Minh City. Besides strong growth and expansion of business and production scale, our other great achievement is to win recognition for our e-bikes, which have enough efficient performance and power to replace petrol bikes. As the only Vietnamese-made e-bike brand that sources parts locally, we are proud of being a manufacturer with the best performance-to-price ratio in the market today. Dat Bike’s e-bikes are also smart, with a specially developed controller with remote firmware update feature. With this advanced technology, the Weaver 200 has … [Read more...] about Dat Bike’s vision to electrify the region

Customers at a transaction office of VPBank. The bank's shares soared more than 4.9 per cent yesterday, leading the market's rally trend. — VNA/VNS Photo Tran Viet Benchmark indices extended rallies on Monday, boosted by the market's bullish sentiment and strong net inflows from foreign investors. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index opened the new week on a positive note as it headed toward the 1,100-point level. The index closed the day at 1,093.67 points, a gain of 13.66 points, or 1.26 per cent. It gained more than 11 per cent last week. The market's breadth was positive as many stocks tilted to the uptrend. Of which, 244 stocks on the southern bourse advanced, while 122 stocks inched lower. Liquidity remained at a high level. Accordingly, nearly 1.3 billion shares were traded on HoSE, worth more than VND20.97 trillion (US$875.2 million). Saigon - Hanoi Securities JSC expected the VN-Index to fluctuate in a range of 1,000-1,150 points and create a wide … [Read more...] about Market extends rallies, VN-Index inches close to 1,100 points

In this expo, Viettel has two booths: One introducing a total of 60 military products (six in the outdoor display and 54 in the indoor display) and the other showcasing 16 product groups in the civil field, including digital transformation products that support such fields as digital health, digital home, digital education, digital finance, logistics, digital businesses, digital government, digital transportation, and high-tech industrial research products. The second booth is placed at the common display area of the Economic Department under the Ministry of National Defense. These are important products which have received high investment from Viettel and commercialized domestically and internationally. They have become a good source of revenue for Viettel, and also demonstrated the group’s creativeness and production capacity in the high-tech area. Participating in the expo, alongside introducing its capability in research and production, and grasp of the world's development … [Read more...] about Vietnam International Defense Expo 2022: Responsibility for modern national defense

Hosting a representative of the Ly family in the RoK, the President affirmed that the Vietnamese State and people are happy about and proud of the family’s success as well as contributions to both nations and their relations. The State leader recommended they continue organizing delegations to visit Vietnam on holidays, introduce Vietnam’s market and investment conditions, encourage Korean businesses to invest in the country, and promote Vietnamese culture among Korean people, making important contribution to the bonding between the nations. The representative said with the support of the Vietnamese embassy, the family’s activities for exchange and cooperation promotion have been launched smoothly and effectively. Expressing his delight at the strong development of the nations’ ties, he wishes to receive further attention from the President and relevant Vietnamese agencies, especially regarding projects to promote Vietnam-RoK economic and people-to-people exchanges that are being … [Read more...] about President meets RoK-Vietnam friendship, cooperation organizations