Economy - Trade - Service

ECONOMY

TRADE - SERVICE

Vietnam returns to post trade deficit of US$879 million in first half of July

Saturday, 21 Jul 2018, 18:34

Vietnam's trade surplus went down to US$2.54 billion from the previous number of US$3.36 billion recorded 15 days ago.

China remains Vietnam's largest export market in 6 months

Friday, 20 Jul 2018, 14:07

China was Vietnam's largest supplier of computers, phones, and machinery in the first six months, according to the General Department of Vietnam Customs (GDVC).

FPT Retail sees profit up 30% to US$6.38 million in 6 months

Friday, 20 Jul 2018, 09:01

FPT Retail holds 18% of the mobile phone retail market in Vietnam, second only to Mobile World with 45%.

Vietnam assocs propose tight control over exports to avoid high US tariff imposition

Friday, 20 Jul 2018, 08:02

Business associations have suggested state management agencies to tighten control over the origins of domestic export goods in a move to avoid risks for Vietnamese firms amidst the simmering US-China trade war.

Vietnam moves to ratify CPTPP by end-2018: Spokesperson

Thursday, 19 Jul 2018, 17:51

The country is in process to ratify the trade deal, in line with current regulations, said the Ministry of Foreign Affairs

Indonesian ride-hailing Go-Jek trials services in Vietnam

Thursday, 19 Jul 2018, 17:09

Go-Jek, through its local brand Go-Viet, on July 18 started a five-day test for two of its services, Go-Bike and Go-Send, in some districts of Ho Chi Minh City, local media reported.

No-frills carrier Vietjet orders another 100 Boeing aircraft totaling US$12.7 billion

Thursday, 19 Jul 2018, 09:02

If all agreements are materialized, VietJet will have a fleet of more than 300 airplanes by 2025, the largest among Vietnamese carriers.

Vietnam spends US$14 million per day paying interest on loans

Wednesday, 18 Jul 2018, 17:42

Vietnam saw a budget surplus of VND2.5 trillion (US$107.58 million) in the first six months this year, indicating a sharp improvement from the budget deficit of VND20 trillion (US$860.5 million) from the same period of last year, according to the Ministry of Finance.

VND strengthens vs. USD as Vietnam c.bank sells foreign currency

Tuesday, 17 Jul 2018, 20:40

The market is stabilizing while liquidity is at normal level, a central bank official told Dan Tri newspaper.

Vietnam traditional grocery stores remain downbeat over future: Nielsen Vietnam

Tuesday, 17 Jul 2018, 15:53

Traditional grocery retailers also expressed their great concern about the support from consumers, consumer traffic to their stores and competition from other retailers, according to a survey from Nielsen Vietnam.

Vietnam taxi assocs recommend regulations on Grab management

Tuesday, 17 Jul 2018, 09:47

Vietnam's taxi associations voiced their opinions against the extension of a ministry decision which pilots the application of technology in managing and connecting electronic contract-based passenger transportation.

Insurers in Vietnam see assets grow by 27% in H1

Monday, 16 Jul 2018, 14:45

In the remaining months of the year, the Insurance Supervisory Authority (ISA) under the Ministry of Finance (MoF) will step up efforts in restructuring the insurance market towards transparency, safety and efficiency.

Vietnam ministry announces violations found at self-claimed-Korean-brand Mumuso

Sunday, 15 Jul 2018, 15:35

According to the Ministry of Industry and Trade (MoIT)'s announcement, 99.3% or 2,257 out of the total 2,273 products sold by Mumuso Vietnam were imported from China.

Foreign investors target Vietnam’s footwear sector to tap on FTAs

Sunday, 15 Jul 2018, 08:53

More foreign investors have set up production bases in Vietnam to capitalize on huge export potentials from free trade agreements, especially the EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam firm wins bid to ship 60,000 tons of high-quality rice to South Korea

Saturday, 14 Jul 2018, 09:28

This is the first time a Vietnamese private enterprise won an entire 60,000-ton Japonica rice contract for South Korea under the government - to - government procurement, stated the Vietnam Food Association (VFA).

Vietnam returns to post big trade surplus in second half of June

Friday, 13 Jul 2018, 17:42

A large trade surplus in the last 15 days of June stood in sharp contradiction to the trade deficit recorded in May, which had been expected to be extended to June by the General Statistics Office (GSO).

Vietnamese consumers shop fast-moving consumer goods less often: Kantar Worldpanel

Friday, 13 Jul 2018, 12:18

Because of the busy schedule, people have a tendency to shop less often for fast-moving consumer goods (FMCG), resulting in fewer shopping occasions for categories and brands to be picked up off the shelf, according to Kantar Worldpanel.

Sabeco projects profit down 19% in 2018

Thursday, 12 Jul 2018, 23:56

With Thaibev being a major shareholder of Saigon Beer Alcohol Beverage Corp (Sabeco), Vietnam's largest domestic brewer considers 2018 to be a turning point for its next development phase, said the company.