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Many sugar mills face uncertain future

While the ASEAN Trade in Goods Agreement (ATIGA) has been delayed until 2020, the future of the local sugar industry, with several sugar mills facing closure, remains uncertain, officials said. A sugarcane grower in Long An Province watches as a porter carrying sugarcane passes by  When the program to boost sugar production to one million ... Read More »

Fast delivery service heats up as new players turn up

VietNamNet Bridge – Besides big freight and forwarding companies, numerous startups with technology apps have joined the fast delivery market. After dislodging Uber out of SE Asia, Grab has become a big player in the shipping service market. Its numbers of customers and drivers have increased, while there is no matching rival in the region. The fast delivery market is ... Read More »

Sơn La longan week opens in Hà Nội

It is estimated that in 2018, Sơn La will export 1,000 tonnes of mango and 1,500 tonnes of longan, lemon and avocado to major markets such as Australia, Europe and Japan. — VNA/VNS Photo Bích Hồng Viet Nam News HÀ NỘI — The ‘Sơn La Longan and Safe Farm Produce Week 2018’ was launched on Friday at the Trade Promotion ... Read More »

Locally-assembled cars up in July

The Ministry of Industry and Trade reported that the volume of locally-assembled cars in July was estimated at 23,200 units, up 31.4 percent compared with the same period last year. browser not support iframe. From January-July, automobile production reached about 140,800 units, increasing by 9.5 percent on-year. According to the Industrial Policies Strategies Institute under the Ministry of Trade and ... Read More »

CPTPP, EVFTA help Vietnam’s garment-textile lure investment

Free trade agreements, particularly the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), are the driving force to attract big investments in Vietnam’s garment-textile industry. Workers at a garment-textile export company in Vietnam’s southern Binh Duong province The statement was made by Chairman of the Vietnam Textile and Apparel Association Vu Duc Gaing ... Read More »

SBV’s forex policy aimed for macroeconomic stability

 The State Bank of Viet Nam (SBV)’s exchange rate policy was aimed at ensuring macroeconomic stability, not just export growth, said Nguyen Thi Hong, the bank’s deputy governor. On August 2, SBV announced the daily reference exchange rate at VND22,666 per dollar, down VND3 against the previous day. Hong made the statement following suggestions that the dong should be further ... Read More »

PM to chair meeting on wood exports

Wooden goods are made by workers at Woodsland Tuyên Quang JSC in the northern province of Tuyên Quang. – Photo baotuyenquang.com.vn Viet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc will chair a meeting on wood processing industry and forestry exports in HCM City on August 8, the Ministry of Agriculture and Rural Development’s Việt Nam Administration of Forestry has announced. ... Read More »

Many challenges await Vietnam’s shrimp export to US

Various challenges face Vietnam’s shrimp exports to the US, as aside from high anti-dumping duties, Vietnamese businesses have to tackle harsh policies the US uses to protect domestic production. Workers process frozen shrimp for export Over the past decade, Vietnam’s shrimp exports to the US have fluctuated between 500 million USD and more than 1 billion USD. After the peak ... Read More »

HCM City to equitise many public service firms in 2019

Many State-owned public utility companies in Ho Chi Minh City are set to be equitised in 2019. A view of Ho Chi Minh City The office of the municipal People’s Committee said on August 2 that the committee had assigned the city’s board for State-owned enterprise (SOE) management reform to perfect the plan for SOE re-organisation and reform in the ... Read More »

BUSINESS NEWS IN BRIEF 3/8

JLL reports on real estate M&A in first half Vietnam’s real estate market continued to exhibit irresistible appeal among foreign investors in the first half of 2018 and continued to witness high-value merger and acquisition (M&A) transactions in a variety of sectors such as residential, commercial, and industrial, according to Ms. Khanh Nguyen, Associate Director, Capital Markets, Vietnam, at JLL. ... Read More »