Footwear exports tipped to grow

The country’s footwear industry expects robust export growth this year despite ongoing concerns about anti-dumping duties in the European Union (EU) market, a recent study finds. A survey by the US-based non-profit Kearny Alliance Foundation shows that 90 per cent of footwear exporters anticipate export growth this year, and 47 per cent will target the [...]

Foreign banks finance Song Bung 2 hydro power plant

Electricity of Vietnam (EVN) and three foreign banks signed a credit contract worth 80 million USD and 8.8 billion JPY (95.2 million USD) in Hanoi on March 30 for construction of the Song Bung 2 hydro power plant. The banks included Japan ’s Sumitomo Mitsui Banking Corporation (SMBC), the Hong Kong branch of Societe Generale [...]

RoK firm to build 4.5 bln USD power plant in Nam Dinh

The Taekwang Group from the Republic of Korea is planning to build a 4.5 billion USD coal-fired power plant in the Red river province of Nam Dinh . The group signed with the Ministry of Industry and Trade a Memorandum of Understanding on the construction of the plant in Hanoi on March 30 witnessed by [...]

Pepper prices rise despite drop in exports

Viet Nam exported 23,000 tonnes of pepper worth nearly US$66 million in the first quarter of this year. Though the volume declined 14.55 per cent year-on-year, earnings were 1.54 per cent higher due to higher global prices of the spice, according to the Ministry of Agriculture and Rural Development (MARD). The average export price this [...]

US unfair to imports of Vietnamese PE bags

The US has treated Vietnamese imports unfairly after imposing anti-dumping duties on polyethylene (PE) retail carrier bags imported from Vietnam, reports the Vietnamese Trade Office in the US. Trade Counsellor Ngo Van Thoan told a Washington-based Vietnam News Agency correspondent on March 30 that even though Vietnam has provided enough evidence showing that its bag [...]

One million tonnes of rice purchased for temporary storage

Until March 29, businesses had completed the purchase of one million tonnes of rice for temporary storage, according to the Vietnam Food Association. 500,000 more tonnes of rice will be purchased for the same purpose in the second phase. According to the businesses which are purchasing unhusked rice, the price of the item of goods [...]

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