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Tag: vietnam

Retail Asia28/02/2024
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Logistics

4,800 containers unclaimed at HCMC ports

1min0
Over 4,800 containers have been left unclaimed for more than 90 days at Ho Chi Minh City sea ports, causing difficulties for logistics activities. HCMC Customs said that the goods include wood, scrap and others. Many companies imported their goods in excess before the seven-day Lunar New Year holiday which began Feb. 8., causing a […]
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Retail Asia26/02/2024
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Food

Seafood exports to key markets rise 64%

2min0
Vietnam’s seafood exports rose by 64% year-on-year in January to nearly US$750 million, with shipments to China, the U.S. and the EU seeing sharp increases. Exports to China tripled, the Vietnam Association of Seafood Exporters and Producers (VASEP) said without providing specific figures. It said China, including Hong Kong, is Vietnam’s second biggest seafood market […]
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Retail Asia23/02/2024
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Living

Gasoline prices drop

1min0
Gasoline and diesel prices fell Thursday afternoon as global demand is forecast to fall this year. The popular gasoline RON95 dropped 1.34% from a week ago to VND23,590 per liter. Biofuel E5 RON92 fell 1.58% to VND22,470. Diesel declined by 2.11% to VND20,910. RON95 fell 2% to $99.7 per barrel and diesel dropped 3% to […]
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Retail Asia21/02/2024
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General

ECS Group wins Thai VietJet cargo contract in Asia

1min0
Low-cost carrier Thai VietJet Air has awarded the tender of its cargo operations to ECS Group with a signed master GSSA agreement with subsidiary AVS GSA Thailand, on 01 February 2024. ECS Group said it aims to increase revenue and cargo volumes for the airline, which operates flights across Thailand and Asia.  Thai VietJet Air […]
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Retail Asia19/02/2024
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General

Vietnam’s agricultural exports to China expected to rise

2min0
According to the Agency of Foreign Trade at the Ministry of Industry and Trade, Vietnam expects to increase its agricultural exports to China as the neighboring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat. The agency cited statistics by the General Department of Vietnam Customs showing that […]
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Retail Asia12/02/2024
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Food

Vietnam’s coffee export value doubles in January

2min0
Vietnam shipped 230,000 tonnes of coffee abroad in January, earning $623 million, up 61.6% in volume and 100.3% in value year-on-year, according to the Ministry of Agriculture and Rural Development. In the last days of the Year of the Cat, the average coffee price in the Central Highland provinces continued to increase compared to the […]
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Retail Asia07/02/2024
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Finance

Dollar steps up over dong

1min0
The U.S. dollar rose against the Vietnamese dong Wednesday morning. Vietcombank sold the dollar at VND24,570, up 0.16% from Tuesday. It fell 0.40% to VND24,850 on the black market. The greenback has increased by 0.61% against the dong since the beginning of the year. Globally the dollar remained under pressure on Wednesday after retreating from […]
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Retail Asia06/02/2024
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E-Tailing

Cross-border e-commerce Vietnam’s next big thing in exports

4min0
According to U.S. e-commerce giant Amazon, cross-border e-commerce is expected to be the fifth-highest value export of Vietnam by 2027, with a value of US$12 billion. “2023 Performance Report: Empowering Small and Medium-sized Enterprises in Vietnam” published by the firm’s Amazon Global Selling Vietnam, a unit that supports sellers, said by 2027 cross-border e-commerce exports […]
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Retail Asia02/02/2024
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Finance

Vietcombank continues to achieve record profits

1min0
State-owned lender Vietcombank reported record pre-tax profits of VND41.2 trillion (US$1.68 billion) for 2023. Its previous highest was VND37.4 trillion a year earlier. It made the bank the most profitable in the industry by a margin of tens of trillions of dong. Profits before credit risk provisioning were worth VND45.8 trillion, a 2.2% decline. But […]
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Retail Asia29/01/2024
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Living

Ministry wants another electricity price hike

3min0
The Ministry of Industry and Trade has proposed a hike in electricity prices this year after pushing it up 7.5% last year to narrow down the loss of national utility Vietnam Electricity (EVN). The ministry eyes increasing prices in May this year to cover rising costs and help the state-owned EVN to pay for power […]
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Retail Asia24/01/2024
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Food

Fruit, vegetable exports rise by 89%

2min0
According to the Vietnam Fruit and Vegetable Association, fruit and vegetable exports have risen by 89.2% this year to US$459 million due to a surge in demand from China. China has imported large volumes of durian, bananas and dragon fruit. Cold snaps in many places in that country have limited domestic banana supply since the […]
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Retail Asia15/01/2024
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Food

Rice exports reach record high

2min0
Vietnam’s rice exports soared to 8.13 million tons, valued at US$4.7 billion in 2023, setting a new national record, as per the General Department of Customs. This marked a 14.4% increase in volume and a 35.3% rise in value from the previous year, despite challenges from the El Nino weather pattern. The export surge is […]
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