A palm-leaf hat fetches a price of US$15 (equivalent to VND350,000) on Amazon whilst the hat can be bought for only US$1.7 (equivalent to VND40,000) in Vietnam. Despite costing only tens of thousands of Vietnam Dong, the conical hat is sold at US$13 (VND300,000) on Amazon. The sellers also notes that the hat can be used to fan oneself with. A frying pan, which is made of aircraft aluminium and is 38 cm in diameter, is priced at nearly US$25 (VND580,000) on Amazon. A similar product can be found on sale for about US$6.5 (VND150,000) on domestic e-commerce sites. A shop on Amazon sells a coconut broom for US$13 (VND300,000), ten times higher than the price found domestically. A handmade straw soft broom featuring a coloured handle fetches US$12 (VND280,000) on Amazon despite only going for one or two US dollar in Vietnam. While Vietnamese costumers usually pay less than VND10,000 per tin of Golden Star Balm, the price is about US$2.2 (VND50,000) on Amazon. A Vietnamese army helmet … [Read more...] about Vietnamese products reach extortionate prices on Amazon
Vietnamese products list
Vietnamese products must secure international recognition: PM
Viet Nam News HÀ NỘI — Vietnamese products can only be worthy of the ‘national brand’ honour must secure “a standing” in the global value chain, Prime Minister Nguyễn Xuân Phúc said. He was speaking on Thursday at a meeting with representatives of nearly 100 domestic enterprises who earned the top honour of 2018 in Hà Nội. “’National brand’ products represent Việt Nam as a country, which means they must be able to capture the international recognition. Failure to do so would impede our efforts integrating into the global economy,” PM Phúc said. He said the ardent patriotism was one decisive factor in the making of “valuable brands and the products’ competitiveness in both domestic and global markets alike.” Cherishing and upholding the ‘national brands’ also constitutes a gesture of respect for the country, he said. PM Phúc reiterated that … [Read more...] about Vietnamese products must secure international recognition: PM
China boosts imports of Vietnamese products
China boosts imports of Vietnamese products By Hung Le Smartphones displayed at an exhibition in HCMC. Vietnam’s smartphone and parts shipments to China saw a 2.4-fold rise, generating US$5.78 billion in value - PHOTO: HUNG LE HCMC – Vietnam enjoyed a strong increase in January-September exports, particularly to China, which raised imports from Vietnam, such as smartphones, computers, electronics and components, according to the latest data from the General Department of Vietnam Customs. The data shows that the export value of smartphones and accessories amounted to US$5.09 billion in September, taking the figure in the nine-month period to a record high of US$36.69 billion, up 16.4% year-on-year. In the January-September period this year, smartphone and phone components exports to major markets rose strongly. The EU market spent US$10.14 billion on these imports from Vietnam, edging up 10.9% year-on-year. Vietnam’s smartphone and phone parts shipments to … [Read more...] about China boosts imports of Vietnamese products
PM lists shortcomings of local economy
PM lists shortcomings of local economyThe Saigon Times Daily Prime Minister Nguyen Xuan Phuc speaks at the opening ceremony of the Vietnam Business Summit 2018 - PHOTO: VGP HCMC - Speaking at the opening ceremony of the Vietnam Business Summit 2018 (VBS) in Hanoi on September 13, Prime Minister Nguyen Xuan Phuc pointed out the shortcomings of the local economy, reported Nguoi Lao Dong newspaper. PM Phuc said only 21% of Vietnamese small and medium enterprises have joined global value chains, while the rate in the rest of the ASEAN region is 46%. The proportion of Vietnamese products in these supply chains does not correspond with their potential. Vietnamese enterprises have only joined these chains in simple phases, such as assembly or product packaging, which have low added value and lack sustainability. At present, products of domestic manufacturers make up less than 27% of the total input materials of foreign direct investment (FDI) firms. The remainder is purchased from … [Read more...] about PM lists shortcomings of local economy
Vietnamese shrimp exports to the US may benefit from US-China trade conflict
The trade war between the two powerful countries is anticipated to create a direct impact on Vietnamese seafood, including shrimp - Illustrative image The trade war between the two powerful countries is anticipated to create a direct impact on economies across world, including Vietnam. Vietnamese seafood, including shrimp, will also suffer from certain impacts. The trade conflict has urged the US and China to raise their import tariffs, resulting in a slowdown in trade flow between the two countries. Countries supplying shrimp to China, such as Canada, Russia, Australia, and New Zealand, as well as shrimp suppliers to the US, such as Indonesia, Thailand, Mexico, Brazil and Vietnam, will benefit from the move. The US import tariff of 10 pct on shrimp products imported from China, coded HS 03061700, 16052105, 16052110, 16052905, and 16052910, are also Vietnamese shrimp products that have strength in the US market. These products are capable of competing with Chinese products in terms … [Read more...] about Vietnamese shrimp exports to the US may benefit from US-China trade conflict