20 Vietnamese businesses have $1 billion or more in capitalization value

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Báo Đầu Tư English 5 day(s) ago

In 2006, the Vietnamese stock market had only three businesses with capitalization value of $1 billion and more. The figure by 2016 had risen to 20.

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Vietnam’s auto sales reach 20-year record

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Báo Dân Trí English 7 day(s) ago

The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.

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Vietnam’s massive steel imports hurt local manufacturers

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Báo Tuổi Trẻ English 3 week(s) ago

Vietnam has spent more than US$7.6 billion on steel imports in 2016, even though local manufacturers are capable of producing most steel products to meet domestic demand.

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MoIT imposes safeguard duties on steel imports

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Báo Dân Trí English 3 week(s) ago

The Ministry of Industry and Trade (MoIT) has conducted a review and is making preparations for imposing safeguard duties on steel imports, after 18 domestic steel manufacturers called for assistance.

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Lenders licensed for foreign currency loans

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Báo Dân Trí English 2 month(s) ago

Foreign banks and credit institutions will be licensed to lend in foreign currencies to export enterprises, which will provide short-term capital to exporters and manufacturers.

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Jewelry businesses, manufacturers thirst for capital

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SaiGon GP English 4 month(s) ago

At a meeting to review the implementation of the governmental circulars in managing jewelry organized by the Ho Chi Minh City Jewelry Association on September 21, gold enterprises and manufacturers complained a shortage of capital for production.

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Garment factory data revised

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VietStock FI English 5 month(s) ago

Garment factory data revised

The Ministry of Commerce reclassified over 120 inactive garment and footwear factory entries as closed or suspended during the first quarter of 2016, the International Labour Organization (ILO) said yesterday, adding a new twist to the ongoing debate on whether there are signs that garment manufacturers are pulling out of Cambodia due to rising wages and a relatively unproductive, restive workforce.

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Drop in US exports seen as a wake-up call

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VietStock FI English 5 month(s) ago

The industry body for the nation’s garment and footwear manufacturers said new trade data showing a decline in Cambodian exports to the US during the first half of the year was a sign that the Kingdom was losing its competitive advantage, threatening the future of its $6 billion garment industry.

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Low-cost mobile phones disappearing from Vietnamese market

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Báo Đầu Tư English 5 month(s) ago

Low-cost mobile phones disappearing from Vietnamese market

Low-cost mobile phones, priced below VND2 million, are no longer selling well in Vietnam.

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Agency seeks approval to import gold for jewelry, art

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Báo Đầu Tư English 7 month(s) ago

Agency seeks approval to import gold for jewelry, art

Viet Nam Gold Trading Association (VGTA) asked the State Bank of Viet Nam to allow local producers of gold jewelry and fine art to import gold materials.

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Small car makers to expand production in Vietnam on tax cuts

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Báo Thanh Niên English 7 month(s) ago

Small car makers to expand production in Vietnam on tax cuts

The planned cuts in luxury tax on cars with small engines are expected to spur demand, encouraging auto manufacturers to expand production.

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Vietnam imports 100,000 tons of sugar to stabilize market

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SaiGon GP English 7 month(s) ago

The government asked the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development to import a quantity of sugar to meet the demand and now it should buy 100,000 tons of sugar.

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Shoe makers step up presence

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Báo Đầu Tư English 8 month(s) ago

Shoe makers step up presence

In anticipation of the Trans-Pacific Partnership tariff slashes, and due to the rising costs of production in China, Vietnam has become a hotspot for investment by foreign footwear manufacturers.

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Japan manufacturers eye VN as export base

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Báo điện tử CP English 8 month(s) ago

Japan manufacturers eye VN as export base

VGP – Japanese manufacturers are looking even more favorably on the ASEAN region and especially Viet Nam as a base of operations, according to the Asian Nikkei Review.

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Garment sector grows another 13 pct: report

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VietStock FI English 9 month(s) ago

Garment sector grows another 13 pct: report

Cambodia's garment and footwear exports grew by 13 per cent year-on-year in the first quarter of 2016, Chinese news agency Xinhua said on Monday, citing a report by the Ministry of Industry and Handicraft.

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