The Business Times: Vietnam-Italy trade to reach 3.3 billion USD this year

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• Vietnam-Italy trade to reach 3.3 billion USD this year
• Promoting border trade between Vietnam, Laos, and Cambodia
• MacDonald announces first Vietnamese location
• Expressway section in southern hub gets ready
• Vietnamese to own 20 million smartphones by 2014
• Developing trademark for Vietnamese rice
• Footwear exports hit US$7.9 billion
• TPP membership to make medicine more expensive in Vietnam
• Banks accept lending at low rate to keep good customers
• Interbank trading dong -3%, dollar -17% in week ending december 13

Vietnam-Italy trade to reach 3.3 billion USD this year Posted: 20 Dec 2013 11:40 PM PST Two-way trade between Vietnam and Italy is expected to reach 3.3 billion USD in 2013, according to the Vietnamese Trade Counsellor in Italy. Vietnam 's export value to Italy is estimated at 2.2 billion UDS while importing 1.1 billion USD worth of goods from the country. Export products to Italy include telephones, footwear, clothes, coffee, […] The post Vietnam-Italy trade to reach 3.3 billion USD this year appeared first on Vietnam Business News.

Promoting border trade between Vietnam, Laos, and Cambodia Posted: 20 Dec 2013 11:37 PM PST Nearly 200 Vietnamese, Cambodian, and Lao delegates gathered at a December 20 seminar in Tay Ninh to discuss promoting border trade between the three countries. Participants examined ways of streamlining imports and exports via road networks linking Tay Ninh Province with Laotian and Cambodian localities. Tay Ninh shares a 240km border with Cambodia incorporating the […] The post Promoting border trade between Vietnam, Laos, and Cambodia appeared first on Vietnam Business News.

MacDonald announces first Vietnamese location Posted: 20 Dec 2013 11:36 PM PST McDonald's Vietnamese franchise Good Day Hospitality has officially announced Vietnam's first McDonald's restaurant will open at No 2–6 Bis Dien Bien Phu Street, District 1, Ho Chi Minh City. The restaurant will also be Vietnam's first with a 24-hour drive-thru service, accommodating the busy lives of its expected customers.The 24-hour restaurant will be a safe and […] The post MacDonald announces first Vietnamese location appeared first on Vietnam Business News.

Expressway section in southern hub gets ready Posted: 20 Dec 2013 11:35 PM PST A 20km section of the Ho Chi Minh City – Long Thanh – Dau Giay Expressway will open to traffic later this month, the investor of the project has said. Mai Tuan Anh, director of the Vietnam Expressway Company (VEC), said the section of the expressway from the Eastern Ring Road (also called the Second […] The post Expressway section in southern hub gets ready appeared first on Vietnam Business News.

Vietnamese to own 20 million smartphones by 2014 Posted: 20 Dec 2013 11:33 PM PST Vietnam is expected to have one smart phone user in every four citizens, increasing the number of smartphones in use in the local market to 20 million units next year, according to market research and consulting company Spire. Aditya Teja Laksana, a senior cell phone and mobile device expert of Spire, said that the local […] The post Vietnamese to own 20 million smartphones by 2014 appeared first on Vietnam Business News.

Developing trademark for Vietnamese rice Posted: 20 Dec 2013 11:31 PM PST Vietnam needs to build a brand of its rice, or it will lose out to Thailand and other emerging rice competitors. The view was shared by experts and businesses at the 2013Vietnam Trademark Forum in Ho Chi Minh City on December 20. The forum heard although Vietnam is the world's third rice exporter, its export […] The post Developing trademark for Vietnamese rice appeared first on Vietnam Business News.

Footwear exports hit US$7.9 billion Posted: 20 Dec 2013 11:29 PM PST Vietnam's 2013 footwear export value has hit US$7.9 billion, 14.9 percent higher than the same period last year. The annual US$8 billion export target is within reach. The US remains the key importer of Vietnamese footwear, with purchases worth US$2.3 billion in 11 months and accounting for more than 30 percent of the country's total […] The post Footwear exports hit US$7.9 billion appeared first on Vietnam Business News.

TPP membership to make medicine more expensive in Vietnam Posted: 20 Dec 2013 07:16 PM PST  If the US proposal on the long drug protection duration is approved by TPP member countries, this would badly affect the Vietnamese drug manufacturing and trade. The last negotiation round in 2013 for the Trans Pacific Partnership Agreement (TPP) finished in Singapore in mid-December with no considerable progress made. The 12 member countries still disagree […] The post TPP membership to make medicine more expensive in Vietnam appeared first on Vietnam Business News.

Banks accept lending at low rate to keep good customers Posted: 20 Dec 2013 07:09 PM PST Lending programmes with "shocking" interest rates launched by banks recently are just superficial. Lending programmes with "shocking" interest rates launched by banks recently are just superficial. The fierceness lies in the struggle for large customers, of which, in many cases, banks were lending at interest rates only equalling to half compared to the market interest […] The post Banks accept lending at low rate to keep good customers appeared first on Vietnam Business News.

Interbank trading dong -3%, dollar -17% in week ending december 13 Posted: 20 Dec 2013 07:08 PM PST The total interbank trading value of the dong fell by 2.6% to VND91.531trillion in the week ending December 13 from VND93.965 trillion a week earlier while that of the dollar fell 16.9% to VND49.651 trillion from VND59.730 trillion. The total interbank trading value of the dong fell by 5.9% to VND93.965 trillion in the week […] The post Interbank trading dong -3%, dollar -17% in week ending december 13 appeared first on Vietnam Business News.

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