VietNamNet Bridge – Minister of Trade, Tran Tuan Anh, speaks to Hai Quan (Custom) newspaper on the challenges facing the country in restructuring exports. In 2017 Vietnam exported goods worth more than $210 billion. What’s the target set by the Ministry of Trade for 2018? At the 2017 year-end meeting, the National Assembly set a target for export turn-over to increase by 7-8 per cent and for the import surplus over exports to be under 3 per cent. These targets are not high compared to those in 2017. In 2017, Vietnam earned US$213.8 billion in exports – an increase of 21.1 per cent compared to that of 2016. However, in 2018, there are many challenges for import and export activities. One of the reasons is that the economic and trade policies of major countries like the United States and the European Union are likely to change quickly and have multi-dimensional impacts on Vietnam. Coupled with that is the tense political situation in many places that are having negative impacts on global finance, the prices of raw materials and the demand for raw materials as well as the importing of consumer goods. Furthermore, the supply of agricultural products throughout the world will continue to increase. Many countries have tried to increase production so that they will not depend so much on imports. Last but not least, the trade protection tendency has been on the rise. In our strategy on imports-exports for 2011-2020 and towards 2030, Vietnam has a target to increase… [Read full story]
The recent lifting of the European Union (EU) anti-dumping tariff on Vietnamese leather-capped shoes from April 1 will certainly boost the Vietnamese shoe export industry while exposing it to strong competition and challenges. The EU remains Vietnam's biggest shoe export market, holding 50 percent of the sector's export market share. Though the country's shoe exports posted high growth in the past years, it has yet to meet set targets. Some of the main reasons stunting the sector's growth were the EU anti-dumping duties levied on the Vietnamese leather-capped shoes since October 2006 and the removal of the product from the list…... [read more]
Opportunities amidst challenges for export next year By Thu Nguyet and Thai Hang - The Saigon Times Daily HCMC – Next year will see many challenges for the country’s export sector due to the ongoing global economic problems and new regulations adopted by several markets, but it is also time to review and make use of the opportunities that have been missed. Challenges ahead At the Commercial Counselor Conference 2011 held by the Ministry of Industry and Trade in HCMC on Thursday, Nguyen Thanh Bien, deputy minister of the ministry, forecast the bleak picture of the world economy in 2012.…... [read more]
HANOI - There have been clear signs of recovery from Vietnam's economic slowdown, showing great efforts made by the Government in the past year, said international donors who are meeting in Hanoi. Speaking at the Vietnam Consultative Group (CG) Meeting that began on Thursday, they praised Vietnam for signs of rapid recovery, but urged the country to keep the economic development balanced with the quality of growth. "As we meet for this CG, Vietnam has demonstrated once again her ability to overcome daunting economic challenges and come out a winner. Vietnam has avoided a recession in the context of a…... [read more]
Challenges ahead for office market By Dinh Dung in HCMC A motorbike travels past a newly-built office building on Nguyen Cong Tru Street in HCMC’s District 1 - Photo: Dinh Dung Seen from the angle of developers, 2010 was a difficult year for landlords in the office sector as rents and occupancy rates fell throughout the year given a significant number of new buildings coming onto the market. However, for tenants, 2010 was a great year as they had much room to negotiate with landlords for good deals. It is expected to see a busy and challenging year for landlords…... [read more]
ANZ: Vietnam still faces challenges ahead Dinh Duy By Dinh Duy - The Saigon Times Daily HCMC – Although Moody’s upgraded Vietnam’s credit rating last month, ANZ Vietnam Bank said in its latest report that the nation still needs to do much more to unlock its full potential given challenges ahead. Moody’s raised Vietnam’s credit rating to B1 from B2 on July 29. This is the first upgrade after the country’s downgrade in 2010. ANZ said in the report that Moody’s decision to raise its credit rating of Vietnam is an affirmation that Vietnam’s recovery is stable though it is…... [read more]
