Import-export turnover to Europe fetches US$28.5 billion

Vietnam’s import-export turnover to Europe reached US$28.5 billion in the first nine months of this year, according to the Ministry of Industry and Trade (MoIT). Of the figure, Vietnam’s exports to the region earned US$20 billion and its imports were estimated at US$8.5 billion. The European market also has the …

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FPT invests VND400 billion in hi-tech park

The management authority of Saigon Hi-tech Park granted an investment certificate to establish a training and research center worth VND400 billion to FPT Software Technology Center earlier this week. According to Le Hoai Quoc, head of the park’s management authority, the project aims to train high-quality human resources for research …

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Agricultural product imports surge

The import value of agricultural products in the first nine months of this year saw a year-on-year rise of 10 percent to 13.6 billion USD, said the Ministry of Agriculture and Rural Development. Importers of cashew, fertiliser products and animal food have had a particularly successful year so far. Raw …

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Supply chain congress attracts key experts, executives

The Supply Chain Congress 2013 opened in Ho Chi Minh City on October 2, bringing together more than 600 experts and executives from Vietnam and across the globe. Themed “Purchase – Production – Retail – Distribution,” the biggest annual event of its kind in Vietnam, has attracted businesses specializing in the …

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Pepper exports hit US$743 million in nine months

Vietnam fetched US$743 million from exporting 112,000 tonnes of pepper in the first nine months of 2013, representing year-on-year increases of over 20% in volume and 16.5% in value. In September alone, the country shipped around 11,000 tonnes abroad, earning US$72 million, said the Vietnam Pepper Association (VPA). The association …

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Vietnam Airlines to add more flights during Tet

The national flag carrier Vietnam Airlines plans to add more flights during the upcoming Tet holiday season to meet the increasing demand, from January 19 to February 16, 2014. From October 2, the airlines will begin selling tickets for the Tet holiday season. The carrier plans to conduct 835 flights …

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Manufacturing sector grows in September

The Hong Kong and Shanghai Banking Corporation (HSBC) has reported Vietnam’s September Purchasing Managers’ Index (PMI) rose above the 50.0 neutral reading to 51.5. The PMI is a composite indicator offering a snapshot of the manufacturing industry’s operating conditions. September’s 51.5 improves on August’s 49.4 and is the best reading …

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Vietnam attracts 15 billion USD of FDI in nine months

Vietnam attracted more than 15 billion USD of foreign direct investment (FDI) in the first nine months of this year, a surge of 36.1 percent year-on-year, according to the latest report by the Ministry of Planning and Investment (MPI). Of the figure, 9.294 billion USD was poured into 872 newly-licenced …

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HDBank shareholders approve merger plan

Shareholders of HCMC Development Commercial Bank (HDBank) during the extraordinary shareholder meeting last Saturday approved the plan to merge with Dai A Commercial Bank (DaiABank) at the share swap ratio of 1:1. The approval came after the bank’s management persuaded investors of long-term benefits. Earlier in the shareholders meeting, many …

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