The biggest problem for the footwear industry is rising costs

The biggest problem for the footwear industry is rising costs

VCN - In the first 8 months of 2024, leather and footwear exports have grown, with an increase of more than 10%, and many markets are recovering. With the current recovery rate, it is expected that the leather and footwear industry will export about 27 bi
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.
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Vietnam's rice export turnover up 23.5% in nine months

Vietnam's rice export turnover up 23.5% in nine months

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) has reported.
Responding to trade competition, businesses are forced to innovate technology

Responding to trade competition, businesses are forced to innovate technology

VCN - In particular, in 2024, Vietnam will have three leading indicators in the world: High-tech Import Index, High-tech Export Index and Creative Goods Export Index (based on total trade). This is the first time the Creative Goods Export Index has reache
How does the Fed

How does the Fed's interest rate cut affect Vietnam?

VCN - In the latest meeting of the Federal Open Market Committee (FOMC), the Fed decided to cut interest rates by 50 basis points to a range of 4.75%-5%. Analysts have given different perspectives on this decision.
Vietnam-France trade, investment ties expected to grow further

Vietnam-France trade, investment ties expected to grow further

The official visit to France by Party General Secretary and State President To Lam and his attendance at the 19th Francophonie Summit are expected to give a boost to the bilateral economic, trade, and investment ties.
Nine-month agro-forestry-fisheries exports rise 21%

Nine-month agro-forestry-fisheries exports rise 21%

Vietnam earned 46.28 billion USD from exporting agricultural, forestry and fishery products, while spending 32.42 billion USD importing them in the first nine months of 2024, up 21% and 7.5% year-on-year, respectively.
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