Vietnam export and import

According to Director of the provincial Department of Planning and Investment Tran Van Hung, to provide effective support for businesses Quang Ninh has fostered public administrative reform and established multiple channels for dialogue between local administrations and companies. It has also prioritised allocating funding to the development of technical and social infrastructure, Hung said. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

Le Thi Huynh Mai, director of the city Department of Planning and Investment, said the total retail sales of goods and service revenue during the period reached about VND827 trillion, down 3.3 per cent from the same period last year, while total budget revenue was more than VND216.7 trillion, down 17.37 per cent over the same period. Total budget expenditures were VND49.264 trillion. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 11

In terms of exchange rate, in August, central rate and actual exchange rate quoted at commercial banks moved in opposite directions. While the central rate decreased by VND13 (0.06 per cent), the actual rate at commercial banks increased slightly by VND9 (0.04 per cent). Thus, compared to the end of 2019, the central rate by the end of August increased by 0.2 per cent while the exchange rate at commercial banks was almost unchanged. … [Read more...] about Vietnam enjoys large trade surplus in August thanks to Samsung Note 20 exports

To enter the EU market, the local businesses must have certification of origin and meet food safety requirements, Hoe said. In addition, they need to pay attention to the agreement’s commitments on increasing the environmental requirements related to fishing to avoid difficulties in seafood export, reported the Nguoi lao dong (Labourers) newspaper. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9

At a press conference on September 8 in Hanoi, Director of the Department of Crop Production under the Ministry of Agriculture and Rural Development (MARD) Nguyen Nhu Cuong informed that after the EU-Vietnam Free Trade Agreement (EVFTA) took effect, the EU has expanded its quota of rice imported from Vietnam to 80,000 tons per year. In 2019, Vietnam exported 50,000 tons of rice to the EU market under quotas, with a value of 28.5 million euros. Compared to other countries in the ASEAN, Vietnam's rice exports to Europe were only one-sixth of those of Thailand, one-tenth of those of Myanmar, and a quarter of those of Cambodia. However, since this year, Vietnam will have an additional 30,000 tons of fragrant rice grown in the Mekong Delta, which receives the wild card to enjoy preferential tariff treatment to this market. According to the Director of the Department of Crop Production, the cultivation area of fragrant rice in the Mekong Delta annually reaches about 25 percent of the total … [Read more...] about Ministry urges enterprises to complete procedures to export fragrant rice to EU