Latest blog articles
Vietnamese fruit exporters warned about 13 UAE companies
Trade Counsellor of the Viet Nam Embassy to the United Arab Emirates (UAE) has warned Vietnamese fruit export firms not to have transactions with 13 import companies in the UAE.
Vietnamese fruit export companies are advised not to sell products to 13 companies in the UAE.
These import companies have been reported for swindling, several of which were sued in court for not paying money to exporters, according to the trade counsellor in a notice published on the website of the Ministry of Industry and Trade on Thursday.
In July 2016, the trade counsellor warned about several ways of swindling and trade frauds by the UAE fruit import companies.
The lack of understanding about the UAE market, culture, trading modes and consumer habit caused a lot of difficulties and implied significant risks for Vietnamese firms when exporting to Dubai.
Viet Nam’s fruit and vegetable exports to the UAE grew from US$14.2 million in 2014 to $16.2 million in 2015 and $22.8 million in 2016. – VNS
The list of import firms that Vietnamese firms were advised not to have transactions:
1. Green Belt Food Stuff
2. Diamond Empire General Trading
3. Vintage International F.Z.C.
4. Mohammad Mehdi General Trading
5. Onion Food Stuff Trading
6. Khushi Trading
7. Olwen International FZC
8. Red Fort Trading
9. Season Food Stuff Trading
10. Lassani Food Stuff Trading
11. Mahak Gulf Trading
12. Takbeer Trading
13. Floral Fruit
Japanese currency appreciation increases public debt in Vietnam
“The world is trying to run away from the yen, but Vietnam seems to go in the opposite direction,” Le Xuan Nghia, member of the National Finance & Monetary Advisory Council, said. Just within the first half of 2016, the Japanese yen made new records. It has appreciated against 31 major currencies used in global circulation, increased by 15 percent in value compared with the US dollar and 17 percent with the dong, the sharpest increase in the last 15 years. The yen appreciation has caused… chat_bubble_outline Read More...
Vietnam pushes for faster pace of public projects
A file photo of the construction site of a river embankment in the Mekong Delta Province of Vinh Long. Photo: VNA The government has ordered its agencies to speed up public projects to boost economic growth, which has been slowing down amid the below-par performance of some key sectors. In a resolution it proclaimed Saturday, the government wants the agencies to accelerate processes like site clearance and bidding and get tough on tardy contractors. Projects that are behind schedule should… chat_bubble_outline Read More...
Nationwide economic survey starts from March 1
The General Statistics Office (GSO) is conducting a nationwide economic survey from March 1 to evaluate the performance of economic and administrative units from grassroots to central levels. The move aims to examine the efficiency of business operation, the application of information and technology, and the structure of manufacturing agencies and distribution of workers in each locality and economic sector, said Director of the GSO Nguyen Bich Lam in a recent interview with Vietnam News… chat_bubble_outline Read More...
Amazon courts food shoppers
Amazon wants you to order your turkey, stuffing and cranberry sauce online this Thanksgiving — its latest effort to make its Prime subscription service a central part of food shopping, much the way it's done for other consumer goods.Right before the cooking-heavy months of November and December, Amazon rolled out a monthly payment option for its grocery delivery service, AmazonFresh. On Monday it expanded to several new cities including Chicago and Dallas.Amazon — which has been working on… chat_bubble_outline Read More...
Both determination and action needed to achieve 6.5% growth: PM
The Government is meeting for two days to discuss the socioeconomic situation and institutional reform. Vietnam’s economy has improved in the first nine months of the year, as demonstrated by the significant amounts of foreign investment and remittances going into manufacturing, an increasing trade surplus and growth in the number of new enterprises and capital. Agriculture returned to positive growth at 0.65% in the July–September period after contracting by 0.18% in the first half of the… chat_bubble_outline Read More...