Many Vietnamese companies in labor-intensive sectors such as footwear, textile and garment have been receiving a large number of outsourcing orders transferred from China, where production costs have soared. Ho Chi Minh City-based handbag manufacturer Thai Duong Company, for instance, said it had received orders to make 240,000 handbags a month in the first half [...]
Vietnamese small- and medium-sized enterprises (SMEs) will soon have the opportunity to take part in cross-border trade activities, according to experts. “With ASEAN members set to form an Economic Community by 2015 and a free trade agreement singed with China, Viet Nam is set to become a centre point for the transport of cargo,” said [...]
China is now the largest import and export market of enterprises in Hanoi, the municipal department of statistics said. In the first six months of this year, Hanoi’s exports were estimated at US$4.259 billion, a year-on-year increase of 17.2 percent, while imports were about US$12.55 billion, up 23 percent over the same period last year. [...]
Vietnamese farmers and businesses are experiencing very unstable trade with Chinese traders who pay very high for farm produce they need, but when the commodity is in surplus the price drops. According to the Mong Cai Animal Quarantine Station in the northern province of Quang Ninh, since early this year, Chinese traders have paid high [...]
Vietnam and Chile will sign a free trade agreement on the sidelines of the Asia-Pacific Economic Cooperation summit in November in Hawaii, Vietnam’sMinistry of Industry and Trade said Monday. The two countries have completed the final negotiation round on the pact, the ministry said in a statement. It said the pact will help boost trade [...]
Vietnam attracts great attention from Chinese businesses, and in return, China sees Vietnam as potential market in the future, said Dao Ngoc Chuong, Deputy Head of the Asia-Pacific Market Division Vietnam attracts great attention from Chinese businesses, and in return, China sees Vietnam as potential market in the future, said Dao Ngoc Chuong, Deputy Head [...]
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