Vietnam racks up US$1 29bil in trade surplus in two months thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
SCG headquarters in Bang Sue District, Bangkok, Thailand. Photo courtesy of SCG
HANOI (Vietnam News/ANN): After buying Duy Tân Plastic Corporation, Thailand’s Siam Cement Group (SCG) is cementing its domination of Vietnam s plastic production industry.
Under the contract signed on Feb 9 via a virtual conference, Duy Tân will sell 70 per cent of its shares in five of total twenty-two subsidiary companies, including Duy Tân Plastic Manufacturing Corporation and Duy Tân Long An Corporation, to SCG’s SCG Packaging, Duy Tân said.
Duy Tân Plastic is a leading company in the plastic goods market in Vietnam with revenue of VNĐ4.7 trillion in 2020. It has nearly 1,000 commodities units and 16,000 distribution agents across the country.
An IT staff member introduces their products to a customer. Photo kinhtedothi.vn
HANOI (Vietnam/ANN): To achieve important targets in 2021-2025, Vietnam should consider economic digitalisation key to shifting its growth model and carry out a “post-Covid-19” mid-term programme in association with economic restructuring on the basis of taking advantage of opportunities brought about by free trade agreements (FTAs), an expert has said.
The advice came from Dr Trần Du Lịch, a member of the Prime Minister’s Economic Advisory Group, in an interview with Công Thương (Industry and Trade) newspaper.
He said Vietnam s growth of 2.91 per cent last year was a miracle amid the serious impact of the Covid-19 pandemic and natural disasters.
HANOI (Vietnam News/ANN): New Zealand and Vietnam on Wednesday (Feb 24)added a new link to their flourishing agriculture relationship by signing an Agriculture Cooperation Arrangement at the first New Zealand – Vietnam Agricultural Dialogue.
Wood supplies being produced for export. VNA/VNS
HANOI (Vietnam News/ANN): Statistics from the General Department of Vietnam Customs showed that exports to Australia grew 62.08 per cent over the same period last year, hitting US$392 million last month.
Two-way turnover between Vietnam and Australia is estimated at nearly US$873 million, a year-on-year increase of 39.92 per cent.
In addition to telephones, many items exported to Australia increased last month.
Seafood surged by 106.09 per cent, wood and wood products up 69.95 per cent, toys and parts 218.11 per cent, textiles 62.72 per cent, footwear 72.47 per cent, electric wires and cables 329.68 per cent, plastics materials more than 900 per cent, agricultural products and vegetables 37.16 per cent.