Doosan Heavy Industries Vietnam Co.’s (Doosan Vina) first batch of seawater desalination equipment left Dung Quat port for Saudi Arabia on July 19.
Vietnam’s key commodities, including apparel, leather, and footwear, are forecast to be hurt by the US-China trade war, which began on July 6 when the US imposed new tariffs on a majority of Chinese imports into the country, worth nearly US$34 billion.
Exports of cassava and tapioca products are estimated at 200,000 tons with a value of US$92 million in June, bringing the total exports over six months to 1.5 million tons worth US$560 million, down 24.6% in volume but a rise of 12.3% in value, according to the Ministry of Agriculture and Rural Development.
The website Inquirer.net of the Philippines published an article on July 17 titled “Vietnam is Southeast Asia’s new industrial powerhouse”, affirming Vietnam has switched from an agricultural economy to one of the brightest manufacturing hotspots in the region over the last 20 years.
Prime Minister Nguyen Xuan Phuc has signed a directive on reducing logistics costs and connect the transport infrastructure system.
The Ministry of Finance (MoF) must apply measures to curb year-on-year inflation in 2018 at below 3.7-3.9 percent, said Deputy Prime Minister Vuong Dinh Hue.
The VN-Index of the Ho Chi Minh Stock Exchange (HoSE) rose 21.12 points on July 18, with 223.9 million shares worth over 4.9 trillion VND (211 million USD) traded.
Vietnam enjoyed a trade surplus of US$3.37 billion in the first two quarters of 2018, the highest level over the last five years.
Provinces in the Mekong Delta have invited bids for many large infrastructure works.
The Vietnam Oil and Gas Group (PetroVietnam) not only reached the majority of its targets for the first half of 2018, but also went beyond expectations, statistics showed.
Start-ups have become an important strategy in economic development and job creation in Vietnam, which is also one of solutions to help women generate jobs and develop their economy in a sustainable manner.
Vietnam spent more than US$1.96 billion importing cattle feed from foreign markets in the first half of the year, with shipments from Argentina rising 10.7% compared to last year’s corresponding period.
The maritime shipping sector is facing difficulties caused by strong drops in its workforce.
Italian businesses are flocking to Vietnam to find opportunities in a wide range of fields, from footwear to interior design products.
The competition between domestic and foreign goods in accessing modern distribution channels has become tougher, according to economic experts.
Multichannel sales platform developer Sapo will coordinate with its e-commerce partners to organize the annual Mobile E-commerce Day (MEDay) in HCMC on July 20 to discuss new trends and share experience in selling products through mobile devices.
The ongoing US-China trade war will greatly impact on the structure of the world economy in the future, causing damage but also generating indirect opportunities for countries where the economy relies heavily on agricultural production like Vietnam.
PSNews - The Vietnam Automobile Manufacturers’ Association (VAMA) said on July 11 that its members sold 125,659 units of various types in 2018's first half, down 6 per cent compared with the same period last year.
The changes in tax policy and investment incentives are the issues of greatest concern for foreign investors in Vietnam, said Bui Ngoc Tuan, Deputy General Director of the Audit and Advisory firm Deloitte Vietnam at a workshop on in Hanoi on July 10.
Amid narrowing credit sources and rising lending interest rates, property developers have been diversifying their capital mobilisation channels, including calling for foreign investment.