Can Tho’s export revenue grows 13 percent in Q1 Processing tra fish for export at the Southern Fishery Industries Co. Ltd in Can Tho city The Mekong Delta city of Can Tho exported 447.8 million USD worth of goods in the first three months of 2019, up 13.32 percent year on year, according to the municipal Department of Industry and Trade. Aquatic products and rice remained the key foreign currency earners for the city during the first quarter. Nearly 46,500 tonnes of aquatic products worth 132.57 million USD were shipped abroad, respectively rising by 27.29 percent and 10.78 percent against the same period last year. The biggest markets were Japan, Singapore, Mexico, Brazil, and Hong Kong (China). Seafood exporting companies said the shipment of shrimp and tra fish products has benefited from many preferential tariffs in other member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as from March. Therefore, they have been applying … [Read more...] about BUSINESS NEWS IN BRIEF 3/4
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BUSINESS NEWS IN BRIEF 12/12
Vietnam’s agricultural sector records progress Over the past years, Vietnam’s agricultural sector has reaped marked achievements, helping ensure national food security. Vietnamese staples such as coffee, rice, rubber, cashew nuts, pepper, fruit, seafood, wood and timber products have gained firm foothold in the global market. Statistics show that the sector’s gross domestic product (GDP) grows about 2.5 percent while its production value expands by 2.73 percent each year. During the 2013-2017 period, the sector’s total export turnover reached 153 billion USD, with 36.2 billion USD earned in 2017. Seven out of the 10 major products saw export turnover exceeding 1 billion USD. To create impressive changes in agricultural production, the Vietnam Farmers’ Union (VFU) has signed a cooperation programme with the Ministry of Science and Technology, under which the two sides join hands in implementing scientific and technological tasks … [Read more...] about BUSINESS NEWS IN BRIEF 12/12
BUSINESS NEWS IN BRIEF 20/8
Deutsche Bank appoints new chief country officer for Vietnam Deutsche Bank has just announced the appointment of Hans-Dieter Holtzmann (49) as chief country officer and head of Global Transaction Banking (GTB) in Vietnam, effective from August 16, 2018. In his capacity as chief country officer, Holtzmann will report to Werner Steinmueller, member of the Management Board and APAC Head of Deutsche Bank, and in his GTB capacity, to Kaushik Shaparia, head of Global Subsidiary Coverage, GTB Foreign Exchange and Corporate Cash Management for Asia. Announcing the appointment, Steinmueller said, “We are pleased to have a colleague of Hans-Dieter’s caliber in this role. As one of our key markets in Southeast Asia, our Vietnamese franchise has shown profitable growth and we are excited about the country’s outlook. This is why last year we significantly increased our capital base in this market, providing the bank with more resources to support our clients’ … [Read more...] about BUSINESS NEWS IN BRIEF 20/8
Vinafco Joint Stock Corporation – 30 years of a sustainable brand name
Vinafco applies WMS software in warehouse management 30 years ago on December 16th 1987, the company formerly known as Vietnam Transportation Service Company was founded with initial resources of only 40 staff, small capital and limited material facilities. However, along with the development of the country, the company has made strong breakthroughs and growth. Today, after 30 years of development and progresses, Vinafco has more than 600 employees with total assets of nearly VND1trillion. Its facilities include vehicles, domestic fleet of ships and modern warehouse system in key economic zones such as Hanoi, Ho Chi Minh City, Bac Ninh, Hai Phong, Da Nang, Binh Duong and Hau Giang. The revenue of Vinafco has been growing steadily over the years, and was estimated at US$55 million by 2015. According to an official announcement by the Vietnam Report and VietnamNet Online Newspaper under the Ministry of Information and Communication, Vinafco Joint Stock Corporation is one of the 500 … [Read more...] about Vinafco Joint Stock Corporation – 30 years of a sustainable brand name
BUSINESS IN BRIEF 20/6
Vietnam-EAEU FTA produces positive outcomes Officials of Vietnam and the Eurasian Economic Union (EAEU) lauded the upbeat outcomes brought about by the EAEU – Vietnam free trade agreement (EAEU – Vietnam FTA) in more than one year and a half since it took effect. The enforcement of the FTA was reviewed at a working session between Vietnam’s Minister of Industry and Trade Tran Tuan Anh and Minister for Trade of the Eurasian Economic Commission (EEC) Veronika Nikishina, in Moscow on June 18. According to statistics of the Vietnam Customs, trade between the two sides hit 3.9 billion USD in 2017, up 31 percent from 2016. Also in 2017, Vietnam recorded a trade surplus of nearly 1 billion USD with the bloc. In the first four months of 2018, the bilateral trade was at 1.53 billion USD, an annual increase of 35 percent. Key exports of Vietnam to EAEU were phones – components, computers – electronic devices, apparel, footwear, fruit – … [Read more...] about BUSINESS IN BRIEF 20/6