.jpg)
Currency and interest rate fluctuations have had a detrimental impact on garment and textile exports.
Vietnam is outperforming its regional peers in terms of exports and can further count on more FDI to come as the result of the ongoing US-China trade tensions. And it all now depends on whether the country is equipped with appropriate capacity to absorb such FDI inflows.
Clinker and cement sales fell 0.5 per cent in the first four months through April as a result of slowdown in domestic market and exports.
Fruit and vegetable exports have swelled up by 5 per cent on-year, reaching some $2.8 billion in the first six months, showing sign for increasing international demands for local produce.
Being the first confectionery producer in Vietnam to get FSSC 22000 in late 2018, PAN Food Manufacturing is now confident to export its food products to highly demanding markets like Japan, expecting to boost its overall exports by 40 per cent this year.
Local consumers have raised concern over Coca Cola’s labels of ‘Exclusively for Sale in Vietnam’ and ‘Exports are not authozised’ that has prompted the beverage giant to give explanation.
Vietnam Trade Promotion Agency under the Ministry of Industry and Trade announced the cooperation with Amazon Global Selling to help Vietnamese enterprises, especially small and medium sized ones, promote exports through e-commerce.
Sendo Technology JSC, the operator of online trading platform Sendo, announced that it has secured an investment of $51 million from existing partners and especially new investors namely SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures.
The miracle economic growth of Vietnam is driven by exports, foreign direct investment (FDI), and manufacturing growth, according to a recently released report of Grant Thornton Vietnam on Vietnam Private Equity - Growth Prospects.
A favorable economic environment and increasing demand for their products are seen as the top growth factors for cross-border trade among Vietnamese companies, according to a report just released by the UK headquartered HSBC Bank.
The Vietnamese government has expressed concern over Trump’s plans, although they are unlikely to have a major direct impact on Vietnam’s economy. The US accounts for 11.1% of Vietnam’s steel exports, but steel accounts for less than 2% of Vietnam’s total export portfolio.
It is expected that Nutifood will gain US$100 million in annual revenue from American market after next five years.
Vietnam is expected to earn US$31 billion from exports of textile and garment this year, a ten per cent increase compared to last year.
According to the Trade Defense Department (under Vietnam's Ministry of Industry and Trade), the Anti-Dumping Committee (ADC) under the Australian Ministry of Industry, Innovation and Science released the investigation report on the alleged dumping of Vietnam’s wind towers exported to Australia.
