HANOI — The export of wood and timber products is forecast to bring in US$8 billion in 2017, posting a 17 per cent year-on-year increase and surpassing the target of $7-7.5 billion set earlier this year. Nguyen Ton Quyen, vice chairman and General Secretary of Vietnam Timber and Forest Product Association (VIFORES), said the impressive […]
Read MoreHANOI: Vietnam had a trade surplus of $1.1 billion in September, much higher than the government’s forecast of $400 million, the customs department said on Monday. Exports in September fell 2.1% from a month earlier to $19.34 billion, while imports edged up 0.3% from August to $18.24 billion, Vietnam Customs said on its website. Vietnam […]
Read MoreMANILA, Philippines — The Philippines is losing orders to Cambodia and Vietnam as foreign buyers start to shun away from some of the country’s export products due to its manufacturers’ non-compliance to certain social and ethical requirements. Foreign Buyers Association of the Philippines (FOBAP) chair Robert Young, in a report to the Philippine Exporters Confederation […]
Read MoreHANOI — Vietnam wants to join global supply chains and management and governance systems to help businesses control the market, build confidence among customers and increase profits and connectivity with global partners, Deputy Minister of Industry and Trade (MoIT) Do Thang Hai said. Hai told a conference on supporting policies to help Vietnamese enterprises join […]
Read MoreHANOI — Standard Chartered Bank (SCB) on Friday increased its forecast for Vietnam’s GDP growth rate for the whole year to 6.8 per cent, higher than the Government’s set target of 6.7 per cent. This is the highest forecast in the past nine years. The bank also predicted growth rate of 6.8 per cent for next year, increasing from its […]
Read MoreHANOI – The Vietnam Chamber of Commerce and Industry (VCCI) said that the Ministry of Finance’s proposed fee cuts was a positive move, but stronger cuts or even abolishments were needed to support businesses. The VCCI said that many kinds of fees were unnecessary, such as the fee for certifying business information, which was VND20,000 […]
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