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Tag: Nam

Vietnam 

Việt Nam faces threat of trade deficit in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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In January the deficit ballooned to nearly US$1 billion as imports rose by 1.7 per cent to $20.8 billion, according to the General Department of Customs. — VNA/VNS Photo Compiled by Thiên Lý Việt Nam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports. In January the deficit ballooned to nearly US$1 billion as imports…

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Vietnam 

Việt Nam to look at non-observed economy in 2020 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Viet Nam News HÀ NỘI — Việt Nam will officially measure the non-observed economy in 2020 to take stock of economic activity taking place unlawfully or at an unregistered household level, under a project recently approved by Prime Minister Nguyễn Xuân Phúc. Measuring the non-observed economy will provide a more comprehensive evaluation of the scale of the Vietnamese economy. Using this updated information, State management could be improved. The measurements will include the underground economy, illegal economic activity, household self-consumption production and other activities missed by the…

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Vietnam 

FAA announces aviation safety rating for Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Viet Nam News HÀ NỘI — Việt Nam on Thursday received a Category 1 aviation safety rating from the US Department of Transportation’s Federal Aviation Administration (FAA). At the US Embassy to Việt Nam in the capital city, US Ambassador Daniel J. Kritenbrink presented a letter from the FAA to Director General of the Civil Aviation Authority of Vietnam (CAAV) Đinh Việt Thắng and congratulated Việt Nam on achieving a Category 1 rating, witnessed by Minister of Transport Nguyễn Văn Thể and leaders of the aviation industry. …

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Vietnam 

Work starts on Japanese packaging factory in Hà Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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The groundbreaking ceremony for the packaging factory in Hà Nam Province. — Photo baodautu.vn Viet Nam News HÀ NỘI — Artpresto Việt Nam Co., Ltd, a member of Japan’s Bandai Namco Group, started construction on a packaging factory on Thursday in the northern province of Hà Nam. Artpresto packaging factory, located in Châu Sơn Industrial Zone, has total investment capital of US$5 million. Once operational, the factory will have an output capacity of nearly 40 million packaging products per year. Speaking at the groundbreaking ceremony, General Director of…

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Vietnam 

US to approve direct flights from Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Vietnam Airlines, budget airline Vietjet Air and newcomer Bamboo Airways have expressed a desire to fly to the US. — Photo zing.vn Viet Nam News HÀ NỘI — The United States’ Federal Aviation Administration (FAA) is expected to grant a Category 1 rating to Việt Nam soon, allowing its airlines to fly to the US and codeshare with US carriers, according to the Straits Times. National flag carrier Vietnam Airlines, budget airline Vietjet Air and newcomer Bamboo Airways have expressed a desire to fly to the US. There are…

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Vietnam 

Việt Nam to see $2.4b in tra fish exports this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Viet Nam News HÀ NỘI — The Việt Nam Association of Seafood Exporters and Producers (VASEP) has predicted the export value of tra fish will reach US$2.4 billion this year, up from $2.3 billion last year. According to economic experts, this number is feasible because the US-China trade is impacting many economies, including Việt Nam, but has had a positive impact on some export products. The tra fish industry is poised to benefit from increasing Chinese demand for seafood products. When the Việt Nam-European Union (EU) free…

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Vietnam 

Việt Nam targets $40 billion in exports from textile and garment industry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Viet Nam News HÀ NỘI — Vietnam Textile and Apparel Association (VITAS) set the industry development target this year for export turnover at US$40 billion, which would mark a 10.8 per cent year-on-year increase. The industry’s trade surplus is expected to reach $20 billion this year. Employment will be ensured and income for 2.85 million workers would be increased, said VITAS. These targets were based on a successful year in 2018, when export turnover of garments and textiles products reached more than $36 billion, marking a year-on-year…

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Việt Nam PMI posts moderate growth in January – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Viet Nam News HÀ NỘI — The start of 2019 saw moderate growth in the Vietnamese manufacturing sector, according to a Nikkei report released on Friday. According to the report, Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – posted 51.9 in January, thereby signalling a modest strengthening of business conditions in the sector. The reading was down from 53.8 in December to the lowest since last September, but growth has now been registered in 38 successive months. The report…

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Việt Nam has high growth in forestry exports during Jan – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Việt Nam gained a high growth of 11 per cent year on year in the forestry export value in January. – Photo ndh.vn Viet Nam News HÀ NỘI – Việt Nam gained high growth of 11 per cent year-on-year in the forestry export value in January to US$903 million, according to the Ministry of Agriculture and Rural Development’s Việt Nam Administration of Forestry. Of which, the export value reached $852 million for timber and wood products, up 10 per cent year on year, and $51 million for non-timber…

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Vietnam 

Standard Chartered Việt Nam places REE’s $100 million fixed rate bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Refrigeration Electrical Engineering Corporation successfully issued VNĐ2.3 trillion ($100 million) fixed rate bonds. — Photo reecorp.com Viet Nam News HÀ NỘI — Standard Chartered Bank (Việt Nam) Limited on Tuesday successfully placed Refrigeration Electrical Engineering Corporation’s (REE) inaugural VNĐ2.3 trillion ($100 million) fixed rate bonds. The issue was guaranteed by Credit Guarantee and Investment Facility (CGIF), a trust fund of Asian Development Bank rated AA internationally by S&P.  The VNĐ2.3 trillion fixed rate bonds are priced at an interest rate of 7 per cent a year for a…

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