Trade - Service

National flag carrier Vietnam Airlines earned syndicated revenue of VND25.5 trillion (US$1.1 billion) in the first quarter of 2018.

As one of the fastest growing E-commerce markets globally, world leading companies are vying for Vietnam`s market share.

Since the year beginning, the average car import value has been nearly double the figure of same period in last year, while the import number saw a slump.

Shareholders of Vietnam`s largest brewer Sabeco voted to add three representatives of Thai Beverage PCL to its management board, Sabeco said in a statement.

Import tariffs for Vietnam`s exports in 2018 will be removed on the basis of commitments for free trade agreements, creating additional advantages for Vietnam`s products, assessed the Ministry of Industry & Trade (MoIT).

The Comprehensive and Progressive Agreement for Trans-pacific Partnership (CPTPP) is an open trade deal, as described by Foreign Ministry of Vietnam.

The 2018 Vietnam Trademark Forum in Hanoi on April 20 sought to help Vietnamese firms build trademarks, looking to achieve sustainable exports in the context of intensive global integration.

The slowing down in growth of the domestic market is considered reason behind Airports Corporation of Vietnam (ACV)`s revenue and pre-tax growth targets at 7% and 9%, respectively.

Minister of Industry and Trade Tran Tuan Anh has suggested China’s Guangxi consider building a cooperation agreement with Vietnam in the domains of economics, trade, industry and investment, thus further promoting partnerships among the two countries’ enterprises.

The U.S. remained the top export market of Vietnam for 15 years before being overtaken by China in 2017, according to Bloomberg.

It is estimated that Viet Capital Securities (VCSC)`s pre-tax profit to reach VND404 billion (US$17.7 million) in the first quarter, equivalent to 40% of the year target.

Local taxi firm Vinasun set revenue target at VND2.1 trillion (US$92.5 million), a reduction of nearly VND1 trillion (US$44 million) compared to last year.

Japanese Scroll Corporation has acquired a 26.9% stake in Cat Dong Trade and Service JSC, which owns e-commerce sites Cungmua.com, Nhommua.com and Shipto.vn for an undisclosed sum since April 2.

National flag carrier Vietnam Airlines was honoured as among the top ten businesses with sustainable development at the Golden Dragon Awards & Vietnamese Excellent Brands Festival 2017 – 2018.

Vietnam is determined to reduce logistics costs, which is making up to nearly 21% of GDP, or US$46 billion in 2017, according to the government`s portal.

Leaving aside the concerns over Grab`s monopoly after the merger, the apparent consequences for both consumers and taxi drivers have been firmly exposed.

Vietnam Competition Authority (VCA) of the Ministry of Industry & Trade (MoIT) on April 13 announced its intention to investigate a possible violation on economic concentration as stated in the Law on Competition over the deal.

Trade activity has been the spotlight of the economy, assessed in the latest report of the General Department of Vietnam Custom (GDVC).

Kuwait and Vietnam are ready to promote bilateral economic and trade relations, the Kuwait News Agency said, citing comments by Fahad Al-Joan, a member of the Kuwait Chamber of Commerce and Industry.

The Department of Industry and Trade asks Hanoi People’s Committee to give approval for program on regional connection and trade exchange between Hanoi and cities, provinces nationwide in 2018.