Reasons Why Many Vietnamese Don't Buy Cars at The Beginning of The Year
After the Lunar New Year holidays, many people in Vietnam tend to choose investment channels over buying cars, resulting in a downward trend in the country's automobile production.
The US, EU, and China suddenly reduced imports; Vietnam's spearhead industry was in trouble
The US, EU, and China - the largest trading partners of Vietnam's seafood industry - suddenly reduced imports of this important staple product due to inflation, tight spending and reduced consumer demand.
Fuel imports soar in Jan-Feb
HCMC – Vietnam’s crude oil and fuel imports in the first two months of the year skyrocketed over the same period last year, according to official data. Vietnam imported 1.92 million tons of gasoline worth US$1.7 billion, soaring 43.1% in volume and 56.3% in value compared to the same period last
China increases purchases of Vietnamese cashews thanks to new diet
(VAN) The novel diet emphasizes daily nut intake, which contributes to China's boom in cashew imports, particularly from Vietnam.
More than 4.5 million tons of fertilizer imported
(VAN) Fertilizer import of 2021 increased sharply in quantity and value, with an import quantity of over 4.5 million tons, worth nearly USD 1.5 billion.
Vietnam’s tea accounts for over 50% of Taiwan’s tea import volume
(VAN) The Taiwan market recorded a growth in both quality and quantity regarding Vietnamese tea imports, making Vietnam its largest tea supplier in 2021.
Cheap chicken imports inhibit domestic products
The growth of cheap chicken imports in recent times has put greater competitive pressure on domestic products, thereby causing plenty of difficulties to domestic chicken producers, according to insiders.
Vietnam exports of leather, footwear down 10% to $16.5 billion in 2020
Government support is needed for the local leather and footwear sectors to realize the export target of $20 billion in 2021.
Fitch Solutions revises up Vietnam GDP growth forecast to 8.6% in 2021
Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.