12:34 PM MYT
MoIT and distribution groups launch a set of manuals to guide Vietnamese enterprises to export into some distribution systems. VNA/VNS
HANOI (Vietnam News/ANN): Deputy Minister of Industry and Trade Đỗ Thắng Hải has called the export of local goods through the distribution network of foreign retail groups an efficient and sustainable export channel.
Hải was speaking at a conference reviewing five years of Vietnamese enterprises participating in foreign distribution networks in Hanoi on Thursday (Dec 17).
“With the support of leading retail distribution groups, high-quality products from agricultural products, to home appliances, furniture and textiles have reached million foreign consumers through distribution systems spread all over the world, he said.
HANOI (Vietnam News/ANN): The banking sector is still worth an investment in 2021 on expectations the Vietnamese economy and business community will recover as the pandemic is under control, experts have said.
According to SSI Research, 13 listed banks on the Hồ Chí Minh Stock Exchange, which account for 27.4 per cent of the southern bourse’s market capitalisation, posted a 6.6 per cent year-on-year increase in third-quarter total pre-tax profit that climbed to VNĐ29.7 trillion.
If the figure excluded Vietcombank’s 21 per cent year-on-year profit downturn, the others’ pre-tax profit gained 14.7 per cent year-on-year thanks to the strong growth of revenues and lower increases in risk provisions and operating costs.
An online seller conference organised by Amazon Global Selling. VNS
HO CHI MINH CITY (Vietnam News/ANN): Amazon Global Selling has announced plans to set up a seller centre in Vietnamese language and a new dedicated global selling support team in Hanoi.
Gijae Seong, head of the company’s global selling support team in Vietnam, said: “As one of the most dynamic emerging countries in the East Asia Region, Vietnam has a strong manufacturing base.
Made-in-Vietnam products like home decor, apparel, kitchen, tools, and home improvements on Amazon have been recognised by global customers.
As cross-border e-commerce further develops this year, it is good timing for Vietnam sellers to go online to set up global business and presence.
A tra catfish processing line for export. Vietnam is seen sustaining a growth rate of about 6 per cent in 2035 thanks to strong exports. VNA/VNS
HANOI (Vietnam News/ANN): The Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035.
The JCER recently released a medium-term forecast of Asian economies entitled “Asia in the coronavirus disaster: Which countries are emerging?”, which addresses the impact of the Covid-19 pandemic and looks at how Asian economies are faring compared with others around the world.
In the standard scenario, JCER assumes that the pandemic is a transient event that will not affect economic structures over the medium term.
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