Vietnam experienced a trade deficit of 1 billion USD in April, after maintaining surplus for several consecutive months from late 2012. Illustrative image. Photo: VNA According to the Ministry of Industry and Trade's Import-Export Department, last month, the country's exports reached 9.7 billion USD while its imported amounted to 10.7 billion USD. In the first four months of 2013, Vietnam earned 39.5 billion USD from exports, up 16.9 percent year-on-year, while importing 40.2 billion USD … [Read more...]
Vietnam’s PMI sees slight growth in early Q2
Posted on May 2, 2013 Written by Leave a Comment
The Purchasing Managers' Index (PMI) of Vietnam's manufacturing sector posted 51 points in April, up slightly from 50.8 a month ago, signalling improvements in operating conditions for the first time in almost two years. Illustrative image. Photo: VNA The figure was released by the Hong Kong and Shanghai Banking Corporation (HSBC) in its recent report on Vietnam 's PMI at the beginning of the second quarter. According to the report, announced on May 2, manufacturing output rose for the … [Read more...]
Vietnam ranks fourth in world instant noodle consumption
Posted on May 2, 2013 Written by Leave a Comment
Vietnam came fourth in the global instant noodle consumption rankings as it consumed more than 5.1 billion packets of instant noodles in 2012. China tops the list with 44 billion packets, followed by Indonesia with 14.1 billion and Japan with 5.4 billion, according to Radio the Voice of Vietnam (VOV) website. According to the World Instant Noodles Association based in Osaka , Japan , 101.4 billion packets of instant noodles are consumed worldwide every year. Instant noodles were invented … [Read more...]
Footwear exports see great opportunities
Posted on May 2, 2013 Written by Leave a Comment
Vietnam's footwear industry sees many favourable conditions to boost its exports as most local businesses have received steady orders for the second and third quarters of 2013. Illustrative image. Photo: VNA According to the Vietnam Leather and Footwear Association (Lefaso), many Vietnamese producers are now turning to new markets, including the US and Japan, in addition to their traditional consumers in the EU. Statistics from the Vietnam General Department of Customs show that the … [Read more...]
Vietnam -Spain trade exceeds 2 billion EUR in 2012
Posted on May 2, 2013 Written by Leave a Comment
Two-way trade between Vietnam and Spain reached a record high of over 2 billion EUR in 2012, an increase of 19.4 percent against the previous year. Footwear is one of Vietnam's key export product to Spain. Photo: VNA According to preliminary statistics released by the Spanish Customs, last year, Vietnam exported nearly 1.8 billion EUR worth of goods to Spain, up 23.8 percent, while its imports reached around 204 million EUR, down 9 percent. Vietnam mainly shipped phones and their parts, … [Read more...]
Firms urged to fulfill social responsibility
Posted on May 2, 2013 Written by Leave a Comment
Despite the potential for better opportunities in the global market, many Vietnamese enterprises struggled to fulfill their corporate social responsibility (CSR), according to a leading business development figure. Speaking at a recent workshop themed "Responsibility and Sustainable Operation - a Continuing journey", director of the Vietnam Chamber for Commerce and Industry's Office for Business Sustainable Development Nguyen Quang Vinh said small- and medium-sized enterprises (SMEs) have a lot … [Read more...]
SSC appear to be heavy handed to securities companies, but this doesn’t help
Posted on May 2, 2013 Written by Leave a Comment
VietNamNet Bridge - Suspending the operation of securities companies is the heaviest handed punishment imposed on unprofitable companies. However, the punishment does not have much significance. The State Securities Commission (SSC) has suspended the operation of the Trang An Securities Company for 6 months, from April 16 to October 16. The decision is not a surprise to anyone at all. With what Trang An has done - losing liquidity and making wrongdoings with customers' accounts - it … [Read more...]
Duc Viet Trademark Sausages
Posted on May 2, 2013 Written by Leave a Comment
In the domestic market, Duc Viet is known as a powerful trademark with fresh sausage products, such as beer garden sausages and bratwurst. Having been in the market for 12 years these products have become one of the most popular foods in Vietnam. Duc Viet Company is the first enterprise trading and manufacturing the German-style sausages from materials in Vietnam. Over the years, the company's products have been an acceptable food to the Vietnamese and have gradually affirmed a position in the … [Read more...]
ODA and the Traffic Infrastructure in Hanoi
Posted on May 2, 2013 Written by Leave a Comment
Hanoi is considered an area that has effectively used the Official Development Assistance (ODA) fund, especially in the construction of the traffic infrastructure. Thanks to this, the image of the urban traffic infrastructure in Hanoi has had great changes and has become more modern and comprehensive. Opening the traffic bottlenecks The capital of Hanoi is the political, economic and cultural centre of Vietnam. In recent years it has attracted a large number of people from other areas coming … [Read more...]
Trading sluggish on both bourses
Posted on May 2, 2013 Written by Leave a Comment
HA NOI (VNS)- Shares reversed last Friday's losses during this morning's session on the HCM City Stock Exchange. The benchmark VN-Index added 0.25 per cent to 475.71 points. Losers, however, outnumbered gainers by 91-74. Trading remained sluggish, with just 12.9 million shares changing hands, totalling VND223.8 billion ($10.6 million). The VN30, which represents the performance of the bourse's leading shares, also rose 0.23 per cent to 538.59 points. The 30 shares tracked by the index was … [Read more...]
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