Monday, August 19 2019


Textile, garment exports to China to double

Update: September, 22/2014 - 09:56
Textile and garments will continue to be major export items for Viet Nam until 2030, while electronics and mobile phones will see significant growth, according to HSBC's recent Viet Nam Trade Forecast report.

The report expects textile and garment exports to China, itself the world's largest exporter in the world, to double by 2020.

Last year China bought 6 per cent of Viet Nam's textile and garment exports as the country capitalised on its low wages.

Viet Nam has attracted foreign investment in the luxury garments segment.

Nguoi Lao Dong ( The Labourer)

VN firms invest nearly $900m abroad

In the first seven months of this year the Ministry of Planning and Investment permitted investment of $894 million by Vietnamese firms in 68 projects in 21 countries.

They are mostly in Cambodia (25 per cent), Myanmar (14 per cent), Laos (10 per cent), and the US (13.2 per cent).

In terms of capital, Tanzania, Cambodia, and Burundi topped with 39, 32, and 19 per cent.

Telecommunications and agriculture and forestry accounted for 59 and 32 per cent of the number of projects.

Viettel was the biggest investor with its telecom projects in Tanzania and Burundi being worth $355 million and $170 million.

Thoi Bao Tai Chinh (Vietnam Financial Times)

Imports need 115 hours to clear customs

The General Department of Customs has released its newest survey on the time taken to clear imported and exported goods.

Imports take 115 hours to clear customs while exports take over 11 hours.

The study is done thrice every five years to identify bottlenecks and tweak procedures to improve speed, accuracy, and transparency.

The Government has instructed customs to reduce the time taken for clearance by half by the end of this year.

Thanh Nien (Young People)

Vinamilk, Vingroup join top ASEAN firms list

Property developer Vingroup Joint Stock Co (Vingroup) and Viet Nam Dairy Products Joint Stock Company (Vinamilk) have been listed among the top 100 ASEAN-based companies by credit ratings agency Standard & Poor.

The rankings are based on criteria like good credit rating, market capitalisation, and transparency.

In 2010 Vinamilk was the first and only Vietnamese business to make it to the list of 200 leading Asian companies by Forbes Asia. Last year its revenues increased by 17 per cent to US$1.5 billion.

Tuoi Tre (Youth)

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