(VOV) - Egypt serves as an important gateway for Vietnamese products to penetrate the Middle East and North Africa, said participants at the Vietnam-Egypt Business Forum held in Cairo on September 7.
Analysts warned that dollar price fluctuations would prompt foreign investors to withdraw capital from Vietnam. If so, this would put pressure on the exchange rate.
The Ministry of Industry and Trade (MoIT) will carry out inspections on imported monosodium glutamate (MSG) after Taiwanese company Vedan proposed a safeguarding duty on the seasoning powder, according to the Lao Dong (Labour) newspaper.
Vietnam’s coffee output in the 2015-2016 harvest is likely to fall at least 20 % short on the set target, said the Vietnam Coffee and Cocoa Association.
The government of Vietnam has said that the national economy has not been hurt by the Chinese yuan devaluation but analysts are less optimistic.
Financial expert Dr. Nguyen Tri Hieu said to reach the regional level, a bank must have total assets of at least US$50 billion and equity of about US$5 billion.
Credit this year has grown robustly and might surpass the 15-17 % annual target, however, commercial banks will find it difficult to balance lending and deposit sources, according to experts.
(VOV) -Many economic experts argue it is difficult for global oil prices to go up again and with the worst scenario, oil prices may drop a mere US$30/ barrel, causing a huge loss for this year’s budget revenue and heavily weighing against economic growth.
(VOV) - The US Department of Commerce has issued preliminary results of the anti-dumping duty administrative review (POR 11) which decided the tax rates imposed on Vietnamese tra fish fillets imported to the country between August 1, 2013 and July 31, 2014.
As predicted, importers have tried to lower Vietnam’s rice price after the Chinese government’s devaluation of the yuan.