The Business Times: Garment exports hit US$13.65 billion in 8 months

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• Garment exports hit US$13.65 billion in 8 months
• Dak Lak coffee available in 80 markets overseas
• Myanmar encourages Vietnamese investment
• Vietnam imposes tariffs on imported steel
• VND2.75 trillion for Thai Nguyen-Bac Kan expressway
• Vung Ro oil refinery project to kick off in Phu Yen
• The blooming franchise business in Vietnam
• Vietnam posts US$1.86 billion trade surplus with Japan
• Exports to Belgium sharply increase
• Vietnam ranks second in ASEAN in attracting US investors

Garment exports hit US$13.65 billion in 8 months Posted: 08 Sep 2014 08:52 PM PDT Garment and textile exports in the first eight months of the year accelerated 19.7% on-year to US$13.65 billion, according to the the Ministry of Industry and Trade (MoIT). In August alone, garment exports were US$2.2 billion, up slightly 0.2% over July but a significant jump of 20.9% over exports for August 2013. Dang Phuong Dung, […] The post Garment exports hit US$13.65 billion in 8 months appeared first on Vietnam Business News.

Dak Lak coffee available in 80 markets overseas Posted: 08 Sep 2014 08:48 PM PDT Coffee bean and instant coffee processors in the Central Highland province of Dak Lak have exported products to 80 countries and territories worldwide, 20 more markets than the beginning of this year. Germany, Japan, the US, Switzerland, the Republic of Korea, India, Spain, Indonesia, and Russia are Dak Lak's largest coffee bean consumers, making up […] The post Dak Lak coffee available in 80 markets overseas appeared first on Vietnam Business News.

Myanmar encourages Vietnamese investment Posted: 08 Sep 2014 08:47 PM PDT The Association of Vietnamese Investors in Myanmar (AVIM) should better perform its role in boosting Vietnamese investment in Myanmar, especially in agriculture, hospitality industry, banking and finance. Myanmar Parliament Speaker Thura U Shwe Mann made the proposal at a meeting with AVIM leaders in Hanoi on September 7. The chief legislator, who in on an […] The post Myanmar encourages Vietnamese investment appeared first on Vietnam Business News.

Vietnam imposes tariffs on imported steel Posted: 08 Sep 2014 08:42 PM PDT The Ministry of Industry and Trade (MoIT) has issued the order to levy tariffs on stainless steel products imported from four countries to protect the domestic market. This is the first time Vietnam has ordered the imposition of duties on imported stainless steel products following its integration into the world economy. Under the the MoIT’s […] The post Vietnam imposes tariffs on imported steel appeared first on Vietnam Business News.

VND2.75 trillion for Thai Nguyen-Bac Kan expressway Posted: 08 Sep 2014 08:18 PM PDT Prime Minister Nguyen Tan Dung on September 7 attended a ground-breaking ceremony for a Thai Nguyen-Bac Kan expressway and an upgrade of 25km long National Highway 3 section. The BOT (Build-Operate-Transfer) project, estimated to cost nearly VND2,750 billion, is scheduled for completion by the end of 2016. The project aims to meet the transport demand, […] The post VND2.75 trillion for Thai Nguyen-Bac Kan expressway appeared first on Vietnam Business News.

Vung Ro oil refinery project to kick off in Phu Yen Posted: 08 Sep 2014 07:33 PM PDT A US$3.2 billion oil refinery project of the UK Technostar Management Ltd in Vung Ro is set to get off the ground in central Phu Yen province on September 9. The 538-ha project, in the Hoa Tam industrial park in Dong Hoa district, is expected to stimulate local socio-economic development. With a design capacity of […] The post Vung Ro oil refinery project to kick off in Phu Yen appeared first on Vietnam Business News.

The blooming franchise business in Vietnam Posted: 08 Sep 2014 07:25 PM PDT As a consequence of Vietnam opening its markets in line with World Trade Organisation (WTO) commitments on January 1, 2009, the country has blossomed into a promising market for foreign franchisors. Franchising essentially entails two parties: the franchisor and the franchisee. The franchisee purchases the right to use the franchisor's business model, trademarks, associated IP […] The post The blooming franchise business in Vietnam appeared first on Vietnam Business News.

Vietnam posts US$1.86 billion trade surplus with Japan Posted: 08 Sep 2014 07:22 PM PDT Vietnam saw a trade surplus of nearly US$1.86 billion from exports to Japan in the first eight months of 2014, representing a 40 percent increase over the same period last year. According to data released by the Ministry of Industry and Trade, Vietnam has exported an estimated US$9.74 billion in goods to Japan during the […] The post Vietnam posts US$1.86 billion trade surplus with Japan appeared first on Vietnam Business News.

Exports to Belgium sharply increase Posted: 08 Sep 2014 07:22 PM PDT Vietnam earned US$1.06 billion from commodity exports to Belgium in the first seven months of 2014, representing a year-on-year surge of 42.87%, according to data from the Ministry of Industry and Trade. Among export items, footwear fetched US$385.28 million, up 32.37% from the same period last year, and coffee brought home US$155.91 million, up 141.8%. […] The post Exports to Belgium sharply increase appeared first on Vietnam Business News.

Vietnam ranks second in ASEAN in attracting US investors Posted: 08 Sep 2014 07:18 PM PDT US firms consider Vietnam the second most attractive destination, after Indonesia, in the ASEAN region for investment, according to a recent survey conducted by the American Chamber of Commerce in Singapore (AmCham Singapore). Foreign investors cited the dynamism of the Vietnamese young highly qualified labour force as the key advantage for conducting business along with […] The post Vietnam ranks second in ASEAN in attracting US investors appeared first on Vietnam Business News.

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