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Vietnam exports high volume of products, but pockets low amount of money
Experts have warned that without thorough preparation for global integration, Vietnam will turn into a playing field for imports from all over the world.
Vietnam to rise to third largest exporter of clothing in world
The Ministry of Industry and Trade confirmed that Vietnam will rise to the third largest export of clothing in the world at the conference to connect the supply and demand of raw materials for Vietnam's textile and garment industry.
Vietnam’s trade deficit with China hits US$35.2 billion in 2020
China remained the largest supplier of goods to Vietnam in 2020 as Vietnam ran a trade deficit of US$35.2 billion with the neighboring country last year, up 3.7% against 2019, according to the Ministry of Industry and Trade.
Vietnam will rely on outsourcing if it continues to import most input materials: officials
If Vietnam imports most input materials needed for domestic production, it will become an outsourcing economy, officials have warned.
VN cashew industry fails to meet export targets
The cashew industry had just overcome the crisis in late 2018 and early 2019 when it was dealt another blow from Covid-19.
Vietnamese enterprises add jobs as Chinese supplies to int'l buyers are interrupted
International manufacturers are seeking component suppliers in Vietnam, considering Vietnam as an alternative market in the context of Covid-19 escalation.
EVFTA brings opportunities to escape reliance on Chinese market
The next-generation FTA with the EU is believed to pave the way for Vietnam to diversify export markets and ease reliance on China.
Business production hit because of lack of materials from China
Vietnam's reliance on Chinese materials has been clearly exposed during the Covid-2019 crisis, as imports from China have declined.
US imposes tax on Chinese goods, affecting Vietnamese businesses
Chinese and South Korean partners in June unexpectedly announced the cancellation of contracts signed with Zara, a yarn producer in Dong Nai province.
Trade deficit is still within control: economists
“Unlike two years ago, many analysts have warned that Vietnam will m witness a trade deficit. However, I believe the trade deficit will still be within control,’ said Vo Tri Thanh, a respected economist.
Paper manufacturers encounter difficulties, lack capital to expand
VietNamNet Bridge - Most Vietnamese paper plants have a capacity of less than 10,000 tons per annum, while foreign plants’ capacity is 50 times higher.
Electronic waste still cannot be recycled in Vietnam
VietNamNet Bridge - The ‘mountain of electronic waste’ in Vietnam is receiving an additional 100,000 tons of waste each year.
In competing with China, weak VND policy will not help
VietNamNet Bridge - Economists have repeatedly advised the government not to rely on a weak dong policy when trying to compete with Chinese products as demand in China is falling.
Chinese merchants bare their attempt to sabotage Vietnam’s economy
Vietnamese businesses have shouted for help when their products are threatened by illegal low quality products. CITES Vietnam has called for the security agencies intervention.
