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1.45 million promotional Vietjet tickets up for grabs

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HCM CITY: Vietjet is offering passengers 1.45 million super-saving tickets starting from zero dollars between now and Friday to celebrate its newest international route from HCM City to Bali. The discounted fares, which are available at www.vietjetair.com from noon to 2pm, are for all of Vietjet’s domestic and international routes and those of ThaiVietjet – a joint venture of Vietjet ... Read More »

For Vietnam, Trade War a Sword That Cuts Both Ways

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HO CHI MINH CITY, VIETNAM — Look at a list of the top four countries in Asia that could be hurt as China’s economy slows down and its ongoing trade war with the United States heats up. Then look at a list of the top four countries in Asia that stand to benefit from these tensions and from the diversion ... Read More »

Vietnam’s trade surplus reaches US$536 million in first quarter

FILE - In this Feb. 23, 2015 file photo, container ships wait to be unloaded at the Port of Los Angeles. China has raised tariffs on $60 billion of U.S. imports in an escalation of their trade battle following a deadline for President Donald Trump’s latest increase. (AP Photo/Nick Ut, File)

In the January-March period, Vietnam’s exports were estimated at US$58.51 billion, up 4.7% against the same period of last year, while imports rose 8.9% to US$57,98 billion. Domestic enterprises exported goods worth US$17.05 billion, while the revenues gained by foreign-invested companies reached US$41.46 billion, making up more than two thirds of the country’s total exports. The first three months of ... Read More »

FDI reaches nearly $11 billion in three months

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HÀ NỘI: Foreign direct investment (FDI) commitments in the first quarter of the year reached a three-year record of US$10.8 billion, up 86.2 per cent year-on-year, according to the Foreign Investment Agency (FIA). During the reviewed period, FDI disbursement also saw a positive increase of 6.2 per cent to $4.12 billion, the FIA, which is under the Ministry of Planning ... Read More »

Vietnam police seize 300kg of meth in mansion bust

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HANOI: Vietnam police busted a massive meth ring in a Ho Chi Minh City mansion allegedly run by a Chinese national who used a textile company as a cover for the operation, police and state media reported on Thursday (March 21). Police on Wednesday stormed the luxury property in Vietnam’s largest city, guarded with private security and outfitted with cameras, ... Read More »

VN stocks to keep rising this week

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HÀ NỘI: Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days. The benchmark VN Index on the Hồ Chí Minh Stock Exchange climbed 1.91 per cent last week to end at 1,004.12 points, the highest level ... Read More »

State to explore fee cuts for shipping companies

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HÀ NỘI: The Việt Nam Maritime Administration has requested that associations, seaport companies and shipping companies be exempted or allowed to pay reduced service fees for containers stored at seaports for a long time. The proposal was laid out in document No 646/CHHVN-VTDVHH, issued on March 7 to create favourable conditions for the owners of the containers to release the ... Read More »

Vietnam Sustains FDI Growth Amid US-China Trade War

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Strong FDI figures in 2018 mark the sixth straight record year, following a string of strong realised FDI capital figures, estimated at $17.5bn in 2016, $15.8bn in 2015 and $14.5bn in 2014. Growing FDI inflows have buttressed strong economic growth in Vietnam, which was reported as 7.08% in 2018 by the MPI, following 6.8% growth in 2017, 6.2% in 2016 ... Read More »

Vietnam’s export of marine products to reach $3.5 billion this year

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According to Nguyen Thi Thu Sac, VASEP’s deputy chairwoman and chairwoman of its marine products committee, tuna exports still have room to grow thanks to imported raw fish and Viet Nam’s trade agreements with a number of countries. Tuna exports are forecast to top $1 billion this year, $350 million higher than last year, she said. Exports of other fish, ... Read More »

Vietnam targets $4.2b shrimp exports

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To achieve this target, the area of tiger shrimp farms this year needed to be maintained at about 620,000 hectares with an output of about 330,000 tonnes. In 2019, the industry would increase the output and export value of white-leg shrimp with farms covering 105,000ha with an output of about 530,000 tonnes. Since January, localities in the Mekong River Delta ... Read More »

Vietnam officially begins mango exports to US

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A ceremony was jointly held in Hanoi on February 18 by the Plant Protection Department (PPD) under the Ministry of Agriculture and Rural Development (MARD) and the Office of the USDA’s Animal and Plant Health Inspection Service (APHIS) in Vietnam, to announce the start of the fruit exports. Mango has become the sixth Vietnamese fruit allowed to enter the US ... Read More »

Vietnam posts US$816m January trade surplus: customs

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Vietnam’s trade surplus stood at US$816 million in January compared with the government’s previous estimate of an US$800 million deficit for the month, customs data showed on Monday. Exports in January rose 12.4 per cent from the previous month to US$22.1 billion, while imports rose 4 per cent to US$21.3 billion, the customs department said. Smartphones, garments and electronic home ... Read More »

No huge pressure on exchange in 2019: forecast

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HÀ NỘI: Experts have forecast minimal pressure on exchange rates in 2019, with little chance of significant volatility. According to a recent report by SSI Securities Corporation, the continued devaluation of Chinese yuan could pressure the Vietnamese đồng. However, after overcoming the most difficult period – beginning of the US-China trade war, market members and management agencies are now prepared. ... Read More »

VN’s supporting industries strive to be best in ASEAN

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HÀ NỘI: Vietnamese enterprises have the potential to participate in regional and global production value chains on par with the leading countries in ASEAN, because Việt Nam has been a top priority choice of multinational corporations. However, in order to realise this goal, in addition to their own efforts, businesses also need the support of the State. In the draft ... Read More »

Tea exports down in volume and value

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Việt Nam exported 120,000 tonnes of tea in 2018, earning revenue of US$219 million, a year-on-year decrease of 8.4 per cent in volume and 3.4 per cent in value, respectively. The figure was revealed by the Import and Export Department, under the Ministry of Industry and Trade (MoIT). Among the ten main export markets of Vietnamese tea in 2018, Pakistan ... Read More »

Malaysia ranks 12th among Việt Nam’s foreign investors in 2018

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Malaysia ranked 12th among the countries and territories investing in Việt Nam in 2018 with total registered capital hitting US$435.54 million, according to the Vietnamese trade office in Malaysia. The country pumped $254.76 million into 41 new investment projects in Việt Nam from the start of 2018 to December 20, while its investors added $27.47 million in total to their ... Read More »

Vietnam set for $5.7B CPTPP boost

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ACCORDING to calculations by the National Centre for Socio-Economic Information and Forecasting under Vietnam’s Ministry of Planning and Investment, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will boost Vietnam’s GDP by $1.7 billion and exports by more than $4 billion by 2035, up 1.32 per cent and 4.04 percent respectively. Vietnam officially became the seventh member of the ... Read More »

EU: Postpone Vote on Vietnam Free Trade Agreement

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The European Parliament and the European Council should postpone the ratification of the proposed EU-Vietnam Free Trade Agreement until the Vietnamese government takes concrete steps to improve its increasingly abusive human rights record, Human Rights Watch said today. In Vietnam’s latest move to restrict rights, a new draconian cybersecurity law went into effect on January 1, 2019. The European Commission, ... Read More »

Vietnam court orders Grab to compensate money-losing rival

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HANOI: A court in Vietnam has ordered the ride-hailing app Grab to pay a taxi company more than US$200,000 for losses incurred due to competition — a judgement Grab called “a giant step backwards” for the country’s tech community. The Singapore-based company, which launched its service in Vietnam in 2013, has been embroiled in a lawsuit with Vinasun, a major ... Read More »

VN, Cambodian trade fair in Dak Nong

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ĐẮK NÔNG: More than 100 businesses from 13 cities and provinces nationwide, and some others from Cambodia’s Mundulkiri province are displaying their products at the Việt Nam-Cambodia international trade fair. The fair that opened in Gia Nghia town, Việt Nam’s Central Highlands province of Đắk Nông, accommodates 300 booths introducing achievements in industry, agriculture and trade. Apart from local specialties, ... Read More »