Vietnam’s outbound investments down in Jan-May
HCMC – Vietnamese businesses have poured US$316.4 million into their projects overseas in the past five months, down 6.5% against the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. In the year till now, 47 new projects have received
Struggling to survive
As Vietnam’s apparel producers are grappling with excess inventory and declining orders, local manufacturers are having to move on in the face of financial constraints and weakening global demand. During an interview with The Saigon Times, Truong Van Cam, vice chairman and general secretary of the
Bringing back international travelers
Vietnam needs an effective short-term marketing campaign to attract international tourists from key source markets, especially those with untapped potential. Statistics from the General Statistics Office show that Vietnam gained revenue of around VND196,600 billion from serving 3.7 million
Argentina launches dispute against United States at WTO
Argentina has initiated a dispute against the United States at the World Trade Organization regarding tubular goods used in oil production, the trade watchdog said on Thursday.
Achilles heel in tourism
Vietnam’s tourism industry has made only meager strides in diversifying its products despite years of growth. Many businesses have focused on developing new tourism products to attract visitors, especially since the country resumed tourism after the Covid-19 pandemic. As a result, more and more
Fruit exports to China: VN sells more goods, but makes less profit than Thailand
Both Vietnam and Thailand are big fruit exporters to China. However, Thailand can earn more money than Vietnam though it sells less fruit.
India, Australia free trade pact talks in June, July
Regarding the Comprehensive Economic Cooperation Agreement (CECA) negotiations between India and Australia, Foreign Secretary Vinay Kwatra on Wednesday said that they are planned in the month of June, and July respectively regarding the deadline set for CECA negotiations.
Utilise preferential tariff under FTAs to boost economic development
Vietnam is implementing commitments on preferential export and special preferential import taxes within the framework of the 15 Free Trade Agreements (FTAs) and two bilateral trade agreements (BTAs) with a coverage of more than 80% of Vietnam's import turnover. Participation in FTAs/BTAs creates a
Vietnam among largest rubber suppliers to RoK
Vietnam is currently the fourth largest rubber supplier to the Republic of Korea (RoK) after Thailand, Indonesia and China, according to the Import-Export Department under the Ministry of Industry and Trade.
Bright outlook amid monetary easing
Monetary policy is gradually shifting from tightening to easing again. Following the two interest rate cuts in late March, the central bank has signaled another rate reduction is coming. Money goes around flexibly Contrary to former concerns, the stock market was undergoing fairly positive
Vietnam looks to deeply join global IC supply chain
Vietnamese localities and enterprises are attracting design talents to deeply join the global integrated circuit supply chain, as global IC design corporations are shifting their operations to Vietnam.
Vietnam, Italy develop SMART platform to expand online trade connectivity
The Italian Trade Agency in Vietnam announced on May 26 that it has teamed up with the Italian Ministry of Foreign Affairs and International Cooperation and the General Confederation of Italian Industry to set up the ASEAN Education and Business Programme (VELP 2023).