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“Chinese suppliers now cannot satisfy our orders for Beijing X7 and Brilliance V7. Meanwhile, as the reminbi/US dollar exchange rate has fluctuated, every imported car is $1,000 more expensive. The transport cost of every car has also surged to $1,800, six times higher than previously,” said a car dealer specializing in Chinese imports. … [Read more...] about Unprecedented: Chinese car imports selling well in Vietnam

Hanoi (VNA) - Forest product exports are expected to reel in 14.5 billion USD this year, up 12 percent against 2020, an official has said. Deputy Minister of Agriculture and Rural Development Ha Cong Tuan unveiled the target in an interview with the Lao Dong (Labour) newspaper on the growth of the forestry sector over the next five years. Export value is set to reach 20 billion USD in 2025. During the five-year period, he said, the sector will work to sustain the forest coverage rate at 42 percent, expand distribution markets, develop long-term trade partnerships, and promptly address trade issues for mutual benefits in line with international commitments. The minister also touched on a number of positive outcomes made by the sector last year despite COVID-19. Vietnam exported forest products worth over 13.22 billion USD, up 16.9 percent against the previous year, and 5.7 percent higher than the annual target. The country now ranks fifth globally, second in Asia, and first in … [Read more...] about Vietnam aims to earn 14.5 billion USD from forestry exports

Export value is set to reach 20 billion USD in 2025. During the five-year period, he said, the sector will work to sustain the forest coverage rate at 42 percent, expand distribution markets, develop long-term trade partnerships, and promptly address trade issues for mutual benefits in line with international commitments. … [Read more...] about Vietnam aims to earn $14.5 billion from forestry exports

HCM City plans to focus on key areas in exports, logistics, exhibitions and fairs, and wholesale and retail activities. — VNA/VNS PhotoViet Nam News HCM CITY — HCM City plans to focus on the four key areas of exports, logistics, exhibitions and fairs, and wholesale and retail activities, according to Nguyễn Huỳnh Trang, deputy director of the Department of Industry and Trade. … [Read more...] about HCM City to reform food markets

Doan Van Hien, sales director of Electrification Business at ABB Vietnam said, “ABB and TOJI have a solid track record in their cooperation for Vietnamese solar power. We are proud to be a partner of TOJI in this project and help our customer accomplish the project quickly and efficiently.” … [Read more...] about ABB supporting region’s biggest floating solar complex