Low prices, labor shortages concern textile, garment businesses
06:00 | 28/05/2021 Trade
(VEN) - While Vietnam earned US$11.747 billion from exporting textiles and garments in the first four months of 2021, up 13.33 percent from the same period in 2020, businesses in the industry are still worried about low product prices and labor shortages.
Nearly one million certificates issued to exporters under FTA terms
06:00 | 27/05/2021 Trade
(VEN) - In 2020, authorized agencies and organizations granted nearly one million sets of preferential certificates of origin (C/Os) for goods exported to markets having free trade agreements (FTAs) with Vietnam worth US$52.8 billion - an increase of about six percent in value and nine percent in volume compared to 2019.
New platform provides trade support for SMEs
13:00 | 26/05/2021 Trade
(VEN) - The Vinh Phat Import Export Trading Service Co., Ltd launched the 1908v.com platform in late September 2019, helping small- and medium-sized enterprises (SMEs) access international markets.
Vietnam works to control pandemic, ensure sufficient essential goods
06:00 | 25/05/2021 Trade
(VEN) - New Covid-19 infections have been detected at a number of industrial zones and businesses in northern provinces and the central coastal city of Da Nang, prompting measures to control its spread and maintain production activities under safe condition. The directions were discussed at an online meeting in May between the Ministry of Industry and Trade’s steering committee for Covid-19 pandemic control and representatives of people’s committees, departments of industry and trade, and market management authorities of centrally-governed provinces and cities. Deputy Minister of Industry and Trade Dang Hoang An told participants that Vietnam has almost 400 industrial parks (IZs), 30 border-gate economic zones (EZs), and 700 industrial zones for small to medium sized businesses, where production must be maintained to prevent disruptions to the economy.
E-commerce, a Covid lifeline for merchants
09:25 | 14/04/2021 Trade
(VEN) - As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional US$900 billion being spent in retail online around the world in 2020. Put another way, in 2020, e-commerce made up roughly US$1 out of every US$5 spent on retail, up from about US$1 out of every US$7 spent in 2019.