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Vietnam is world’s second largest footwear exporter

The Hanoitimes – Vietnam shipped more than 1 billion pairs of shoes last year, helping the country maintain the position as the second biggest footwear exporter in the world. According to statistics of the World Footwear Magazine, of 27 billion pairs of shoes exported worldwide last year, 1.02 billion pairs were from Vietnam, equivalent to 7.4 […]

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Indonesia: Drop in Alfamart profit reflects retail business condition: Association

The Association of Indonesian Retailers (Aprindo) has said last year’s 50 percent drop in profit of PT Sumber Alfaria Trijaya, the operator of Alfamart convenience stores, reflected the current condition of the retail business. Aprindo deputy chairman Tutum Rahanta said in Jakarta on Wednesday Alfamart’s performance indicated the low purchasing power of the people. “The […]

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Indonesia to open university sector to 100% foreign ownership

JAKARTA: Indonesian President Joko Widodo has instructed his cabinet to open up the university sector to 100% foreign investment, and allow overseas institutions to open campuses, the head of the country’s investment board said. South-East Asia’s biggest economy has had long-standing policies to protect sectors such as higher education from foreign investment, but Widodo’s administration […]

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Vietnam to cut ASEAN salt, eggs import tariffs

HANOI — The Ministry of Industry and Trade (MoIT) on Monday issued the Circular No.04/2018/TT-BCT on not applying import tariffs on salt and poultry egg products originating from ASEAN countries. These products must meet the provisions on origin of goods in the ASEAN Trade in Goods Agreement and must have the certificate of origin, Form […]

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