First Vietnamese mango export to the US
The Mekong Delta province of Dong Thap has become the first locality in Vietnam to export mangoes to the US, according to an announcement on April 18.Nguyen Thi Hong Thu, director of Chanh Thu Fruits Import and Export Ltd Co, said the company shipped the first ...
First trans-Pacific direct shipping line from Hai Phong opens
A Trans-Pacific transshipment service connecting the Hai Phong International Container Terminal (HICT) in northern Vietnam with the west coast of the US and Canada is now officially underway, shortening freight time by eight days.The momentous event affirms HICT’s capacity to berth large mother vessels and ...
S&P raises Vietnam’s credit rating with stable outlook
Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.In August 2018, credit rating agency Moody’s Investors ...
Vietnam faces threat of trade deficit in 2019
Việt Nam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.Keep reading ...
VNS Reporter
Better links with FDI firms can aid local businesses
Over the past 20 years Việt Nam has embraced trade and successfully integrated into key global value chains. Việt Nam’s gross exports have expanded at an average rate of 18 per cent over the past decade, when overall global trade expanded at just 3.5 per ...
VNS Reporter
CPTPP trade deal officially takes effect
The 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force on December 30, creating a free trade area covering more than a tenth of the global economy.The CPTPP will cut tariffs on agricultural and industrial products, ease investment regulations and enhance protection ...
Vietnam’s exports more sophisticated: WB
Vietnam’s exports have become more sophisticated with an impressive diversification of exports and increases in higher-value manufacturing exports, according to a recent World Bank report.The report found that manufacturing exports now accounted for about 85 per cent of total exports, up from 65 per cent in ...
Nearly 100 new procedures facilitate National Single Window in 2018
There are 145 administrative procedures by relevant ministries and agencies which have been connected to the National Single Window (NSW), according to the latest data from the General Department of Vietnam Customs.Notably, the number of such procedures in 2018 was up to 98, while from ...
VN improves on sustainable trade
Việt Nam ranked ninth out of 20 economies in the Sustainable Trade Index 2018 released by the Hinrich Foundation last week, up up two points in comparison with 2016’s result. The report was developed by the non-profit foundation Hinrich Foundation and British research and analysis firm The Economist ...
VNS Reporter
CPTTP may annually create up to 20,000 jobs for Vietnam
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to create 17,000 to 20,000 jobs each year for Vietnamese workers, said Dao Quang Vinh, director of the Institute of Labor Science and Social Affairs, under the Ministry of Labor, Invalids and Social Affairs.Keep ...
Vu Dung
