Việt Nam News

Vietnamese farm produce exporters are expected to benefit from increased participation in global value chains as a result of the Regional Comprehensive Economic Partnership (RCEP) and the UK-Việt Nam Free Trade Agreement (UKVFTA), speakers said yesterday at a conference in HCM City. 

The HCM City Department of Industry and Trade held a conference on Thursday to review the activities and performance of the food and foodstuff sector in 2020 and consider plans for the new year.

Việt Nam's stock market rose on Friday as investors still focused on banking and real estate sectors. 

Export turnover through border gates in the Mekong Delta province of An Giang exceeded US$1.31 billion in 2020, a year-on-year increase of 8 per cent, according to the provincial Department of Customs.

Domestic firms shipped over 1.37 billion medical face masks of various types abroad throughout 2020, according to statics compiled by the General Department of Việt Nam Customs.

The authorities of northern Bắc Ninh Province always create favourable conditions for foreign businesses, including those from the Republic of Korea (RoK), Secretary of the provincial Party Committee Đào Hồng Lan has said.

Experts are again issuing a warning to local enterprises to pay attention to intellectual property (IP) rights when doing business overseas. 

The Directorate of Fisheries is implementing software and piloting the electronic traceability for seafood products to meet state management and market requirements.

Wink Hotels, a revolutionary new hospitality brand, which aims to redefine affordable luxury in Việt Nam on Thursday officially announced the opening of its first hotel in March 2021.

Trung An High-Tech Agriculture Joint Stock Company will export 1,600 tonnes of high-value fragrant rice to Singapore and Malaysia, the Ministry of Agriculture and Rural Development announced on Wednesday.

The HCM City Stock Exchange (HoSE)’s technical system was under significant pressure with billions of new shares recently listed and to be listed on the bourse and huge cash inflow which boosted the market liquidity to record high levels.

During the last three months, the cost to hire a 40-foot container increased to US$8,000, even to $10,000 in certain cases, from less than $1,000 at the beginning of 2020. It has sharply driven up expenses for exporters and raised concerns over a lack of transparency and inadequate price management of containers, said businesses during a meeting in Hà Nội with the Vietnam Maritime Administration (VMA).

Nam Á Bank and AppotaPay, a subsidiary of Appota Group, signed co-operation agreement on Wednesday.

The benchmark edged higher on Thursday on the back of banking and real estate stocks, recovering from the morning session loss, while the HXN-Index ended lower. 

Using online platforms to boost exports is an inevitable trend that will help food and beverages and agricultural products businesses penetrate the global market, reduce costs and quickly reach consumers, especially amid the COVID-19 pandemic, a workshop heard in HCM City yesterday.

MoMo, Việt Nam's biggest e-wallet firm, has finished its Series D financing round from leading global investors, announced the firm in Hà Nội on Wednesday.

Việt Nam’s credit registry coverage increased to 59.6 per cent in 2020 from 41.8 per cent in 2015, said Đỗ Hoàng Phong, director of the Vietnam Credit Information Centre (CIC).

In 2021, the fishery sector aims to maintain a stable fishery production and business, including a reduction in fishing volume, an increase of farming output, and implementation of solutions increasing the value of seafood products. Director general of the Directorate of Fisheries Trần Đình Luân spoke to local media about this issue.