Seafood exporters feel growing pinch
HCMC – Seafood exporters are facing even greater challenges than during the Covid-19 pandemic due to a significant drop in seafood prices and a decline in fresh orders. Data from the Vietnam Association of Seafood Exporters and Producers (VASEP) showed that Vietnam’s seafood exports between
Cao Xa station in Hai Duong proposed as int’l intermodal rail terminal
HCMC – Cao Xa Station in Hai Duong Province has been put forward by Vietnam Railways (VNR) to be developed into an international intermodal rail terminal, according to a proposal submitted to the competent authorities. During a recent meeting with Hai Duong authorities, VNR presented a plan to
National Assembly approves airfare caps
HCMC – The National Assembly has approved maintaining airfare price ceilings in the revised Pricing Law, which was passed yesterday, June 19. With nearly 93% of the deputies present at the NA sitting voting in favor, the revised Pricing Law will come into force on July 1 of this year. Under the
China pushes for Asia-Pacific trade agreement membership, promises to ‘actively attract’ foreign ...
China has been pushing for membership in a high-level Asia-Pacific trade and investment pact and will step up efforts to attract foreign investment, said the country's top trade negotiator.
Free 300-bed hostel for poor patients
HO CHI MINH CITY – A three-storey house with a total usable area of more than 1,200 m2 with all basic utilities is open for free, [...]
Why has seafood export to China not yet made a breakthrough?
Statistics from China Customs show that the country's seafood import demand is recovering strongly after opening in early 2023. However, Vietnam's seafood exports to this market have not recovered yet. This can be explained by market factors as well as internal reasons
RCEP officially comes into full and comprehensive effect
The Regional Comprehensive Economic Partnership (RCEP) officially entered into full force on June 2, 2023. This event marks the full effect of this Agreement for the 15 signatories.
EU adopts new law, Vietnam’s coffee exports face challenge
Coffee prices are soaring in the domestic market. However, producers and exporters are worried as the EU has adopted the EU Deforestation Regulation (EUDR) which may affects Vietnam’s exports to the market.
Interest rate cut expected to pump economy up
The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.
EFTA and Thailand move forward in 5th round of free trade agreement negotiations
Delegates from EFTA – Iceland, Liechtenstein, Iceland, Norway and Switzerland – and Thailand convened in Oslo from June 13 to 16 2023 for the fifth round of negotiations towards a comprehensive free trade agreement.
Vietnam pangasius exports in the first 4 months of 2023 recorded negative growth in many markets
In the first 4 months of 2023, Vietnam pangasius exports brought in nearly 570 million USD, down 41% compared to the same period last year. The world market is still heavily affected by inflation and economic slowdown, causing a decrease in seafood consumption demand, leading to a decrease in the
Chinese increased demand boosts Vietnam's durian exports
Vietnam’s durian export value reached more than US$500 million in the first five months, an increase of more than 18 times against the same period last year.