Exports from Vietnam to US show signs of recovery

(VNA) The Ministry of Industry and Trade expects exports to the US market to climb slightly to 12.7 billion USD this year from 12 billion USD in 2008.
This estimate is based on four consecutive months of growth in export revenues to the world’s largest economy, said the ministry.
Garments, wood and wooden furniture, electronics and components are major hard currency earners. In regard to garments alone, the industry earned 2.2 billion USD from exports to the US market in the first half of this year, representing 55 percent of its total export revenues over the period.

Positive economic signals forecast for second half

(VNA) Vietnam’s economy will see positive developments in the second half of the year as the government’s loosened monetary policies and stimulus packages become effective, said a senior economic expert.

Vietnam Pledges to Improve Business Environment

The Vietnamese government is striving to fulfill its promises to improve the business environment and facilitate foreign investors, a cabinet leader said Thursday.

Deputy Prime Minister Hoang Trung Hai told a business conference in Hanoi that the government “commits to ensuring an open and transparent environment” for investors by continuing its reforms.

VN Tops A.T. Kearney's Year List of Most Attractive Emerging Market Retail Destination

In its 7th annual Global Retail Development Index (GRDI) study, A.T. Kearney, the global management consulting firm, has ranked Vietnam to the top of its 2008 list, bypassing the 3 year recorder holder, India, of the most attractive emerging market destinations for retail investment.

"Vietnam's leap from fourth in the 2007 GRDI to first place in 2008 was driven by strong GDP growth, changes to the country's regulatory structure favoring foreign investors, and increasing consumer demand for modern retail concepts." according to A.T. Kearney.


eximbank.bmpThe Export-Import Bank of the United States (Ex-Im Bank) is prepared to support U.S. exports for Vietnam’s transportation, public works and other infrastructure development, Bank Chairman and President James H. Lambright told Vietnamese Prime Minister Nguyen Tan Dung at a meeting in Hanoi Thursday.

US Marketing Expert Has High Hopes for Vietnamese Economy

The Vietnamese economy is like an airplane which is set to fly much higher thanks to its people’s good qualities, marketing guru Philip Kotler told a press conference in Ho Chi Minh City Thursday.
The nation could match the economic achievements of Japan and other regional countries since its people were known for their hospitality, industriousness, and desire for success, he said.

EAST-WEST Economic Corridor Week To Start in Vietnam

A Week of East-West Economic Corridor (EWEC is connecting Vietnam, Laos, Thailand, Myanmar) will be held in Danang City from Aug 27 to Sept 1st, 2007. This is a great event among ASEAN Countries in 2007. The event will create great opportunity for Vietnamese and foreign participants to exchange information and enhance their economic, trade and investment activities in the region. All participants also have a chance to jont a wonderful caravan along the Corridor, from the middle of Vienam through Laos to Thailand.

Leading US corporations take part in Vietnam business forum

Senior officials of 18 leading US corporations who are visiting Vietnam will participate in a forum on the country’s business opportunities, in Hanoi May 3 and 4.
The 35-strong US delegation is the biggest since the US normalized trade relations with Vietnam and Vietnam’s admission to the World Trade Organization five months ago.

Its members include representatives of Boeing, Chevron, Exxon Mobil, IBM, Time Warner, Abbott, Ford, and General Electric, among others.

Supportive Body Founded to Boost Vietnam-US BTA

The Prime Minister has decided to set up a steering board of a technical support programme to implement the Vietnam-US Bilateral Trade Agreement (BTA) for the 2007-2010 period.

Vice Chairman of the Government Office Nguyen Quoc Huy has been appointed to be the board's chairman.

The steering board was assigned to discuss with the US side detailed content on the technical support programme to implement the BTA, pertaining bilateral agreements and commitments within the framework of the World Trade Organisation during the 2007-2011 period.

WB forecasts Vietnam’s 2007-08 GDP growth to top region

Vietnam’s economy could expand by 8 percent in 2007 and 2008, the highest growth rate in the Southeast Asia, World Bank forecasts in a report released Thursday.

The World Bank’s East Asia and Pacific Updates report estimated the country’s GDP growth last year at 8.2 percent, which was supported by across-the-board strength in exports, consumption and investment.

The report noted that investment in Vietnam had been boosted by a surge in foreign direct investment before the economy’s accession to the World Trade Organization in January.