Import turnover of raw materials for textiles, footwear, and plastics reaches tens of billions of dollars

Import turnover of raw materials for textiles, footwear, and plastics reaches tens of billions of dollars

VCN - In general, in the first eight months, Vietnam spent US$18.03 billion on importing raw materials for the textile and footwear industry, increasing by 14.6% year-on-year.
Cashew industry faces risk of trade deficit

Cashew industry faces risk of trade deficit

Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.
Garment - textile industry pins high hopes on FDI inflows

Garment - textile industry pins high hopes on FDI inflows

Vietnam has so far attracted 3,500 foreign direct investment (FDI) projects in the garment - textile industry with a combined value of 37 billion USD, according to the Vietnam Textile and Apparel Association (VITAS).
Computers and electronic products take lead in term of export turnover to Indonesia

Computers and electronic products take lead in term of export turnover to Indonesia

Vietnamese goods are increasingly consolidating their position in the Indonesian market, with export value growing continuously over the years.
Vietnam still primarily relies on processing and manufacturing with limited automation integration

Vietnam still primarily relies on processing and manufacturing with limited automation integration

Vietnam needs to cultivate domestic enterprises that are large-scale, possess international competitiveness, boast established brands, and can serve as cornerstones in leading the industrialization and modernization process.
First Vietnam fruit festival opens in China

First Vietnam fruit festival opens in China

The first-ever Vietnam fruit festival opened in Beijing, China, on September 29, co-organised by the Vietnamese Ministry of Industry and Trade, and Ministry of Agriculture and Rural Development.
Incheon int

Incheon int'l port creates export channel for Korean office furniture to Vietnam

The export of Korean office furniture to Vietnam via the Incheon internation port since April this year has witnessed initial results, according to the port authority.
20,000 Chinese cars imported in 8 months

20,000 Chinese cars imported in 8 months

VCN - 12,776 9-seater cars were imported in August, with total turnover of US$224, accounting for 84.8% of the imported cars of all kinds.
Turning by-products into high-value export products

Turning by-products into high-value export products

VCN - According to statistics from the Ministry of Natural Resources and Environment, each year in Vietnam, about 1.8 million tons of plastic waste are discharged into the environment.
10 export groups with an increase of nearly US$30 billion

10 export groups with an increase of nearly US$30 billion

By the end of August, the total export turnover of the country reached US$265.44 billion, an increase of 15.9% over the same period last year.
Vietnam on quest for specialty coffee development

Vietnam on quest for specialty coffee development

It is a great time for Vietnam to build on specialty coffee segment to enhance its global recognition and increase its value in the coffee supply chain.
Vietnam

Vietnam's logistics sector embraces green transition amid global pressure

The logistics sector, which has become an important service industry and played a role in supporting, connecting and promoting Vietnam’s socio-economic growth, is undergoing a rapid transformation as sustainability takes centre stage. With an estimated market size of 40-42 billion USD a year and over 40,000 firms operating in the sector, the stakes are high, and the need for change is urgent.
Ministry eyes ensuring supply chain for textiles, footwear

Ministry eyes ensuring supply chain for textiles, footwear

The Ministry of Industry and Trade is considering the establishment of an international centre to create, store and trade raw materials for textile and leather footwear production in Vietnam, towards ensuring the supply chains for those sectors.
Breakthrough policy to attract new generation FDI

Breakthrough policy to attract new generation FDI

VCN - That was one of the contents raised at the Policy Dialogue Session held on the afternoon of September 25 within the framework of the Ho Chi Minh City Economic Forum 2024, chaired by Prime Minister Pham Minh Chinh and leaders of central ministries an
Export turnover from durian achieves over US$ 2 billion

Export turnover from durian achieves over US$ 2 billion

VCN - According to the General Department of Vietnam Customs, the country's export turnover of fruit and vegetable in August surged 52.8% month-on-month to US$ 844 million. Of which, durian exports reached more than US$500 million, up 94% month-on-month.
Shrimp export break out in many markets due to price increase

Shrimp export break out in many markets due to price increase

VCN - According to shrimp exporters, there is the boom in shrimp prices in Vietnam in context of quick recovery of the economy after more than 16 months of stagnation.
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