Vietnam’s 2024 GDP forecast to grow 5.8%: Maybank Securities
Vietnam’s economy is expected to expand 5.8% in 2024 from 5.05% last year, driven by exports and domestic consumption, projected Maybank Securities Limited (MSVN).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand: Rice prices predicted to rise in Q2
Thai rice exporters expect global prices will increase in the second quarter because of the impact of the El Niño phenomenon and India's rice export restrictions, reported the Bangkok Post.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Philippine exports surpass $100 billion for first time
Philippine exports hit $103.6 billion in 2023, exceeding $100 billion for the first time and a 4.8% increase from 2022, the country's Department of Trade and Industry (DTI) said on Monday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam FDI sector posts $12.57 bln trade surplus in Q1
Foreign-invested enterprises in Vietnam recorded a trade surplus of $12.57 billion in the first quarter of 2024, with crude oil activities factored into account, the General Statistics Office reported Friday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand’s economy faces long-term downturn
Long-term structural obstacles in the export and manufacturing sectors are having significant impacts on Thailand's economy while affecting its ability to compete globally, the Bank of Thailand (BoT) has reported.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
ASEAN becomes RoK’s major export, production destination
As trade competition between China and the US continues to intensify, the Association of Southeast Asian Nations (ASEAN) is rapidly emerging as South Korea's global manufacturing base and an important export market.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Don't rejoice too early at January’s big trade surplus: economist
Vietnam should not consider its January trade surplus of $2.92 billion as a big achievement, but instead look at the sharp decrease in imports as a cause for concern, said Dr. Vo Tri Thanh, director of the Institute for Brand and Competitiveness Strategy.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam FDI sector posts $1.57 bln first fortnight trade surplus
Foreign-invested enterprises in Vietnam recorded a trade surplus of $1.57 billion in the year to January 15, including crude oil, the General Statistics Office (GSO) reported Monday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s export turnover expected to grow 6% in 2024
Vietnam’s industry and trade sector has targeted an increase in export revenue of about 6% this year, with an expected trade surplus of $15 billion.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US denies 1,197 shipments from Vietnam due to Uyghur Forced Labor Prevention Act
The U.S. has denied 1,197 shipments worth $220.3 million from Vietnam from June 2022 to November 2023 due to the Uyghur Forced Labor Prevention Act (UFLPA), according to the U.S. Customs and Border Protection (CBP).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
FDI, exports, manufacturing to lead Vietnam’s 2024 growth: broker
Continued inflow of foreign direct investment, a gradual recovery in external trade and a rebound in industrial production will be three major drivers of Vietnam’s economic growth in 2024.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
US commerce department investigates price dumping on Vietnam paper bags
Paper shopping bags exported from Vietnam to the U.S. showed signs of being sold at less than their fair value, according to preliminary results announced by the International Trade Administration under the U.S. Department of Commerce.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM calls for early negotiations on Vietnam-Turkey free trade deal
Prime Minister Pham Minh Chinh called for early negotiations on a Vietnam-Turkey free trade agreement (FTA) at a Wednesday meeting with Turkish Minister of Trade Omer Bolat in Ankara.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US processing Vietnam request for market economy status review
The U.S. Department of Commerce (DOC) is processing Vietnam’s request that its non-market economy status be reviewed.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
First batch of Vietnam bird's nest headed for China after customs approval
AVANEST Vietnam Nutrition JSC has received official approval from China’s customs authorities to export bird's nest to the major market, according to the Ministry of Agriculture and Rural Development (MARD).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese firms turn to domestic market as exports plunge: HCMC trade chief
Pressure has been mounting recently for firms to expand and cash in on Vietnam's domestic market due to export challenges, said Bui Ta Hoang Vu, director of Ho Chi Minh City's Department of Industry and Trade.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam a high-income nation within 20 years: VinaCapital exec
If Vietnam maintains its GDP growth rate of 6.23%, it will become a high-income country by 2043 with a per-capita income of $12,000, says Brook Taylor, CEO of Asset Management at VinaCapital.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s Jan-Sep trade surplus triples to $21.6 bln: customs authorities
Vietnam posted a goods trade surplus of $21.64 billion in nine months through September, tripling the $6.9 billion recorded in the same period last year, customs data shows.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Customs seeks digitalization support from Intel, Microsoft
Vietnam Customs is looking to cooperate with tech giants Intel and Microsoft in its digitalization process, which aims to enhance application and processing of trade procedures.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s economic growth can reach 5% in 2023, 6.3% in 2024: HSBC
Vietnam can reach economic growth of 5% in 2023 and 6.3% in 2024, said Frederic Neumann, HSBC's chief Asia economist and co-head of Global Research Asia, at a Monday event held by the bank.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC garment enterprises pin down fresh orders
Textile and garment enterprises in Ho Chi Minh City have recovered up to 80% of export orders and have high hopes for the coming months as the market returns to prosperity.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam FDI sector posts $37.9 bln trade surplus in 9 months
Foreign-invested enterprises in Vietnam recorded a Jan-Sept trade surplus of $37.94 billion with an export of turnover of $343.68 billion, including crude oil.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam ranks second globally for cassava exports
Vietnam is currently the second largest cassava exporter in the world after Thailand, with more than 120 industrial-scale cassava factories capable of processing 11.3 million tons of fresh tubers per year, according to the General Statistics Office.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms anticipate robust export opportunities from President Biden's visit
Vietnam's wood, farm produce and other products are waiting for opportunities to expand their exports to the U.S. after President Biden's visit.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s FDI sector posts $34 bln trade surplus in 8 months
Foreign-invested enterprises (FIEs) in Vietnam recorded a trade turnover of $301.36 billion, including crude oil, resulting in a trade surplus of $34.21 billion in the first eight months of this year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Two PMs power Vietnam-Singapore Industrial Parks development, bilateral ties
Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lee Hsien Loong keep acting as a driving force for the development of Vietnam-Singapore Industrial Parks (VSIPs) in Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Plunge in Vietnam’s exports bottoms out
VinaCapital’s chief economist Michael Kokalari notes that Vietnam’s exports are set to recover in this year’s fourth quarter, driven primarily by a bottoming out of the U.S. inventory cycle. This rebound is likely to help lift Vietnam’s GDP.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major Taiwan electronics makers charmed by Vietnam
Leading Taiwan-based electronics manufacturers, in their efforts to diversify supply chains, have constantly found Vietnam as a destination to open new factories or expand production.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam new source for rare earths magnet companies
South Korea's Star Group Industrial (SGI) and China's Baotou INST Magnetic are set to open factories in Vietnam to explore rare earth deposits, according to Reuters.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
In a first, Vietnam bakery ships ‘American’ mooncakes
Ho Chi Minh City-based ABC Bakery is making its first shipment of mooncakes with “American” ingredients to the U.S., its owner Kao Sieu Luc said Monday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
First Solar US, Vietnam plants secure highest auditing status
Manufacturing facilities of leading American solar module producer First Solar in the US and Vietnam have achieved platinum status, the highest possible auditing rating, the firm says.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan cooling module maker to expand investment in Vietnam
Taiwan’s cooling module maker Asia Vital Components (AVC) plans to expand investment and production in Vietnam to meet growing demand from its U.S. customers.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
German pharma giant to ship billions of tablets from Vietnam to Europe
German pharmaceutical giant Stada Group will ramp up drugs production at both its Vietnam factories and significantly boost exports to Europe, says CEO Peter Goldschmidt.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agri major Loc Troi turns loss into record high profit, Vinafood 2 profit up 2 times
Agricultural services and food majors Loc Troi JSC and Vinafood 2 posted a remarkable profit in the second quarter of the year, while their peers Trung An Rice and An Giang Import-Export incurred a loss.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Loc Troi secures contracts to keep rice exports going
Loc Troi Group, a leading agricultural services and food corporation in Vietnam, has secured new export contracts to fulfil until this November, says CEO Nguyen Duy Thuan.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
- Editor’s Picks
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CIMB Bank Vietnam posts $3.4 mln loss in 2023
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With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
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$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
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Berjaya Vietnam CEO and his business portfolio
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Vietnam-China joint venture to build $800 mln automobile factory
- Editor’s Picks
-
CIMB Bank Vietnam posts $3.4 mln loss in 2023
-
With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
-
$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
-
Berjaya Vietnam CEO and his business portfolio
-
Vietnam-China joint venture to build $800 mln automobile factory
