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Update news MoIT
VietNamNet Bridge - Hoa Phat Group, VnSteel, Tisco and Viet Y Steel will benefit the most from the Ministry of Industry and Trade’s (MOIT) decision on July 18 to protect domestic production.
VietNamNet Bridge - Vietnamese conglomerates are buying foreign companies in support industries to implement their strategy to squeeze into global supply chains.
VietNamNet Bridge - A series of multi-trillion dong investment projects developed by large conglomerates belonging to the Ministry of Industry and Trade (MOIT) have incurred heavy losses.
VietNamNet Bridge - A series of huge projects developed by economic groups belonging to the Ministry of Industry and Trade (MOIT) have reported losses worth trillions of dong of the state’s money.
VietNamNet Bridge - Mineral exploiters reap major benefits, but local residents living near the mines suffer as ore exploitation has negative consequences.
VietNamNet Bridge - Vietnamese economists have said that Brexit will have an impact on Vietnam trade, but it will not be significant.
VietNamNet Bridge - After Lazada and Zalora were taken over by big retailers, the competition in the e-commerce market became fierce. Vietnamese firms rushed to retain their market share.
VietNamNet Bridge - The Vietnamese market with its limited number of consumers accustomed to western food, has still been able to attract fast food giants from the US.
VietNamNet Bridge - Foreign retail chains have been expanding their networks under the cover of domestic retailers.
VietNamNet Bridge - If the government does not create reasonable policies to protect Vietnamese retailers, they would fall in competition with powerful foreign retailers.
VietNamNet Bridge - Foreign motorbike manufacturers have earned billions of dollars in Vietnam, a market with 90 million people and 45 million motorbikes.
“We now can hope the production of iPhone products will occur in Vietnam in the future, now that Vietnam makes Samsung phones,” said Vu Duc Quyet, director of the Bac Ninh provincial Industry and Trade Department.
VietNamNet Bridge - If it enters Vietnam, Walmart will compete with Big C and other big foreign retail chains, and will be a formidable rival to Vietnamese retailers, analysts say.
VietNamNet Bridge - The trade surplus in the first quarter of 2016 alone was five times higher than that of the entire year of 2012. But this could be bad news.
VietNamNet Bridge - Automobile manufacturers complain that the Vietnamese market is too small, but they continue to make profits on the small market.
VietNamNet Bridge - Despite being backed by powerful financial resources, many food chains cannot achieve satisfactory business in Vietnam.
VietNamNet Bridge - Some Vietnamese brands have left large cities for rural areas, while others are under pressure from foreign competitors as the country integrates more deeply with the world economy.
VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) has asked for the government’s permission for the export of lump coal and dust coal in the 2016-2020 period.
With the number of children aged 0-14 accounting for 40 percent of the population of 90 million and improved living standards, Vietnam has seen an increase in the world’s famous brands.
VietNamNet Bridge - The national oil and gas group PetroVietnam has said it does not want to be responsible for the consumption of Nghi Son’s products which cannot meet the Euro 4 emission standard.