Vietnamese software firms consider Japan as the major market

The Japanese software market is really attractive in the eyes of Vietnamese software outsourcing firms. Up to 80 percent of Vietnamese firms consider Japan as the core market.

Vietnam’s import spending on oil and gas in Aug at over $820m

The country’s oil and gas import in August increased 70% from July and was equal to the figure of the same period last year. The country’s import value for oil and gas in August was up 68% month on month and 50% year on year, the General Department of Vietnam Customs reported on Friday.

Pepper futures show mixed trend amidst aggressive spot buying

As the futures prices were ruling high exporters were covering aggressively and actively farm grade pepper from the spot market while investors were buying exchange pepper at Rs 3 above the September delivery price. Overseas demand appears to have made the exporters buy actively. Even Vietnam processor-exporters were said to be covering farm grade pepper from India to meet their export commitments, market sources told Business Line.

Vietnam’s Handicraft Exports Target $1.6 Billion by 2015

Under the plan, the export value of rattan and bamboo products is expected to reach US$530 million, accounting for 33% of the total; pottery and porcelain is targeted to be US$480 million (30%); weaving, US$270 million (17%); art objects and wooden household items, US$130 million (8%) and other groups together should make up US$190 million, accounting for the remaining 12%.

Economic crisis hits leather, shoe exports

The industry currently faces many challenges, ranging from macroeconomic policies and trade barriers to the world market, in hitting its export targets while continuing to develop. Nguyen Thi Tong, general secretary of the Viet Nam Leather and Footwear Association, spoke about these issues.

Footwear exports go up 26.4%

The GSO said that the EU remains the biggest footwear importer of Việt Nam with US $511 million in revenue in Q1 of this year, up 13.3% against the same period last year and accounting for over 40% of the country’s total footwear export turnover.

Export value surges 35.7% in first four months

Export products like coffee, rubber, and cassava saw a double growth against the same period last year, while the export revenues of vegetable, pepper and steel increased by half.

Pepper price reaches record high

The pepper price has increased by nearly VND50,000/kg, or 66 percent, compared with the beginning of the crop (mid-December last year). The price hike is partly due to the undersupply on the world market. At present, the export price of black pepper is US$4,456/ton, a year-on-year increase of over US$1,600, while white pepper has risen stronger (by more than US$3,000/ton) to approximately US$7,000/ton.

‘Green’ farming key to exports of tra fish

Farmers, breeders and processors should be aware of this and apply strict standards in all their operations, Pham Anh Tuan, deputy director of the General Department of Fisheries told a conference in HCM City on April 25.

Vietnam experiences surge in export to RoK

The RoK imported mainly rubber, minerals, garments, seafood, electric wire and cable, giving high estimations to garments. Vietnam is currently the second biggest supplier of garment products to the RoK after China. In the first three months, its garment export value to the RoK surged over 176 percent.

Material shortage causes headache to cashew nut exporters

In principle, Vietnam can import materials from other countries to process domestically to fulfill export contracts. However, according to Hoc, due to the fighting situation in the Ivory Coast, the main supplier of raw materials to Vietnam; enterprises would only be able to import cashew nut materials after May 15. In 2010, Vietnam purchased 217,000 tons of cashew nuts from the Ivory Coast and is planning to import the same volume this year from the country.

Flower sector struggles to boost exports

According to the head of the Institute for Vegetable and Fruit Research Trinh Khac Quang, the predominance of household-based cultivation has resulted in lower flower quality when compared to flora from other parts of the region and further afield.

Vietnamese tra fish faces nasty trick, once again

At the 30 minute program, a fisheries expert of WWF, Catherine Zucco, said “tra fish are dangerous because they are being farmed on dirty waters.”  Right after the program was broadcasted, a retail group has stopped providing tra fish products on its supermarket chain in Denmark and Norway. Metrol has also stopped selling tra fish in Germany. The tra fish consumption in the north of the Europe has been decreasing sharply over the past several weeks, especially in Germany.

EU–a potential market for Vietnamese businesses

With a population of 500 million living in 27 member countries, its GDP accounting for 30 percent of the world’s, and its per capita purchasing power of US$32,700 per year, the EU market is always considered a potential one for businesses in many countries all over the world. Vietnam’s export earnings from the EU increased sharply, from US$5.621 billion in 2005, to US$15.446 billion (18 percent of the country’s total export revenue) in 2010.

Vietnam’s rubber export forecasted at $3b in 2011

The latest forecast from Association of Natural Rubber Production Countries (ANRPC) showed the global natural rubber output in 2011 would increase 8% to 10.06 million tones against 9.32 million tones last year thanks to favorable weather condition. According to International Rubber Study Group (IRSG), the world rubber demand would reach about 26.1 million tones this year, increasing 1.7 million tones from last year. The world rubber consumption this year is predicted to reach 25.5 million tones and it would be 27.5 million tones by 2012.

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