export

Update news export

Vietnamese garment firms can set only one foot in US market

Being one of the five biggest garment suppliers in the world, Vietnam’s garment export turnover only accounts for 4-5 percent of the global market share. In the US, the biggest export market, Vietnam hold 8 percent of the market share.

Vietnam needs to control export volume to enjoy EU’s GSP

 VietNamNet Bridge – Vietnam has been advised to take strict control over the export to the EU market in order to be the long term beneficiary from the EU’s Generalized System of Preferences (GSP).

VN can’t take full advantage of preferential tariffs to boost exports to EU

 VietNamNet Bridge – Vietnam is one of the countries which can enjoy the new EU’s GSP to be applied as of January 1, 2014. However, analysts say Vietnam may not take full advantage of the preferential tariff to boost exports to the large market.

Two gold mining firms asked to pay VND250 billion in taxes

 VietNamNet Bridge – Officials of the Bong Mieu gold mining company and Phuoc Son Gold Company said that they had asked the customs office to reconsider the export tax of nearly VND250 billion ($12 million).

Vietnam loses trillions of dong in collecting tax from iron ore exports

According to Vietnamese customs agency, the country exported 23,600 tons of iron ore to China in 2012, at $46 per ton on average while the Chinese customs body said China imported 1,748,566 tons at $92 per ton from Vietnam.

BUSINESS IN BRIEF 30/6

 Cell phone export to UAE reaches US$1.36 billion; Garments and textiles to enjoy zero percent tariffs; Major infrastructure investment priorities discussed; SOE cutbacks expected as State tightens belt

Economy on right track to recovery

 VietNamNet Bridge – Viet Nam's economy was on the right track to recovery, with inflation no longer a great concern, according to Minister of Planning and Investment Bui Quang Vinh.

BUSINESS IN BRIEF 24/6

 Chandler Corp. pours $99 mln into Vietnam medical deal; Garment sector dressed for success; Cooking oil products fry local competitors; Coal exports likely to fall this year

BUSINESS IN BRIEF 20/3

 LED technology lures foreign investment; Vietnam private equity outlook bounces back; A big challenge for livestock industry; Restructuring better solution for Vinalines, Vinashin: Deputy PM

BUSINESS IN BRIEF 26/5

 Vietnam’s inflation beats all regional nations; SOEs reform is too slow; Farmers shy away from shrimp farming despite good price; Firm hand on asset tiller buoys market; State Audit reports on SBV performance in 2011

5-star products also rejected by state agencies

The unhealthy competition has exterminated the creativeness of enterprises and discouraged them to spend money to develop software products.

BUSINESS IN BRIEF 29/4

Cruise tourism to get popular in coming years; FTA talks may bring GI assistance; VN slaps extra duty on veggie oil imports; Stanchart: SBV to cut rates further; Banks announce reduction in executive pay

Identifying China as trade partner

 Sovereignty is sovereignty, business is business. If we develop strongly, our sovereignty is firm. VietNamNet continues the talks about the trade relations between Vietnam and China.

BUSINESS IN BRIEF 22/4

Fixes key to boosting FDI; Nation still a tasty target; Land clearance slows power line project; Market heats up for domestic pepper exports; HCM City sees a leap in pledged FDI

BUSINESS IN BRIEF 21/4

Trade deficit hits US$547 million in March; Bilateral trade with India up 40.2pct; Challenges for Vietnamese exports; Instalment plans take advantage of Vietnamese consumers; Up-market housing remains empty

BUSINESS IN BRIEF 13/4

Peugeot announces its return to Vietnam; PetroVietnam increases investment in Russia; Thua Thien - Hue lures investment to IZs; Hanoi welcomes 5.12 million visitors in Q1

Wooden furniture manufacturers come back to home market

Wooden furniture manufacturers have been warned that the challenges they meet in 2013 would be even tougher than the ones in 2012.

BUSINESS IN BRIEF 8/4

 Property transactions seen picking up; Power demand up 12 pct in dry season; Drop in rice price after Gov’t stockpiling program; Construction material market in severe deadlock; Market demand remains sluggish

BUSINESS IN BRIEF 30/3

Hanoi pledges financial aid for enterprises; HCM City urged to change software park land policy; Sale of drought insurance for coffee suspended; Accor continues expansion with three new hotels

BUSINESS IN BRIEF 24/3

Japanese firms keen on support industry; Vietnamese giants eye Myanmar market; Banks see increase in outstanding loans; HCM City’s March CPI down 0.29 pct; First FDI highway project in Vietnam