Hanoi and South Korea's Incheon aim to increase their visibility among Vietnamese and international travelers through a series of events to promote MICE (Meetings, Incentives, Conferences and Exhibitions) tourism and medical tourism to Vietnam.
Viet Nam can gain US$24.5 billion from exporting garment, the highest figure in the recent three years and bringing the trade surplus of the sector to US$12 billion this year.
The total import turnover of Completely Built-Up (CBU) automobiles in Vietnam this year reached US$1.446 billion, which nearly matched the record level of US$1.5 billion.
Vietnam’s seafood exports increased 18% on-year to US$7.9 billion for the 12 months leading up to 2015, according to the Ministry of Agriculture and Rural Development (MARD), buoyed by record high shrimp exports to the US market.
The Vietnamese Government has implemented a protectionism policy on its domestic automobile industry with a national strategy to build a sector able to compete with other regional nations`.
Five wholly owned Vietnamese automobile companies have united in an “alliance”, joining forces to improve the local automobile industry to meet the challenges of the AFTA (ASEAN Free Trade Agreement) period.
Vietnam`s coffee exports for the year ended 2014 surged 32% in value on-year to a new record high of US$3.6 billion, according to the Vietnam Coffee and Cocoa Association (Vicofa).
The Ministry of Finance (MOF) has sharply raised the tariff on petrol imports in order to cope with plummeting crude oil prices.
Vietnam mobile phone makers have not violated any World Trade Organisation (WTO) trade rules and any allegations by Turkey they did are sheer ‘stealth protectionism’ measures aiming to block legitimate foreign competition.
Vietnam has imported 9.9 million tonnes of steel valued at US$6.6 billion during the 11 months leading up to December, according to the latest statistics from the Ministry of Industry and Trade.
Over 200 enterprises from 10 nations have registered to participate at the international trade show– Metal & Weld 2014 – in Ho Chi Minh City on December 3-6 showcasing the latest in metal working and welding industrial technologies.
Domestic seafood exporters have been warned against their violation of the RoK’s food safety regulations against chemical and antibiotic residues detected in 11 batches of tra fish.
There have been further allegations concerning Bio-Rad in the wake of the initial scandal.
Vietnam`s cement consumption increased 6% year-on-year to touch 53.22 million tonnes in the first ten months of 2014, according to the Construction Ministry`s Building Material Department.
The 2014 Vietnam Furniture and Home Furnishing Fair – VIFA Home 2014 – opened in Ho Chi Minh City, showcasing furnishings, floorings, textiles, house wares and decorative items of more than 115 enterprises in over 470 pavilions.
TAL Apparel Limited on November 4 received an investment certificate from local authorities of the northern province of Vinh Phuc, paving the way for the Singaporean giant to construct a US$50 million textile plant.
Vietnam seafood exporters are sanguine about the economic prospects for the remainder of the year, with many buoyantly forecasting exports to surpass the US$7 billion target previously set for the year.
Several types of vehicles will enjoy import tariff cuts beginning next year in line with Viet Nam`s commitment to the World Trade Organisation (WTO) on tax reduction.
A ceremony was held in Ho Chi Minh City on October 24 to receive the first oil flow from the Su Tu Nau (Brown Lion) oil field in Block 15.1 in the Cuu Long Basin offshore the southern region.
The minerals and petroleum sectors remain the largest tax contributors in the 2014 list of 1,000 largest corporate income taxpayers in Viet Nam (V1000).
Military Telecom Group (Viettel) and Microsoft recently signed a memorandum of understanding (MoU) to provide infrastructure and information technology services to Vietnam governmental agencies.
