Category Archives: News

(Bloomberg) — Oil held gains in early Asian trading after OPEC and its allies agreed to a scheduled increase in production for next month, and an industry report pointed to another decline in U.S. crude inventories. Futures in New York traded near $77 a barrel after rising 2.4% over the past two sessions. OPEC+ stuck to its plan to lift output by 400,000 barrels a day for February after it cut estimates for a surplus in the first quarter. The American Petroleum Institute reported U.S. stockpiles fell by 6.43 million barrels last week, according to people familiar with the data….

Some shipping companies are suspending services in China ahead of the new year, further straining global supply chains heading into 2022. The potential disruption this year is exacerbated by two factors: This year, Chinese New Year falls on February 1, 2022 — a full 12 days earlier than in 2021. And, as Bloomberg reported in November, China’s Covid-zero policy has sailors anticipating longer than usual quarantine periods before they can make their way back on land. In some cases, the outlet found, sailors were required to serve up to seven weeks in quarantine before being cleared to return home.  The new timeline…

In nine months from the beginning of 2018, export turnover of Vietnam reached 352.61 billion USD, up 13.7%, up 42.44 billion USD in absolute terms over the same period in 2017. According to the latest statistics of the General Department of Customs, the trade balance of goods in 9 months in 2018 reached a surplus of $ 6.32 billion, nearly $ 1 billion higher than that of the General Statistics Office previously announced. On the other hand, in the total value of 352 billion USD of Vietnam, the import-export value of foreign direct investment (FDI) reached 230.43 billion US dollars,…

Vietnam’s exports to the Korean market increased by 26.1%, to China by 29.9% and India’s impressive by 88.6% over the same period last year. According to the latest statistics of the General Department of Customs, the value of commodity exports in September 2018 reached $ 21.12 billion, down 10% over the previous month, equivalent to $ 2.37 billion in value. absolute. In the first 9 months of this year, Vietnam’s export value reached USD 179.47 billion, up 15.8%, equivalent to USD 24.44 billion over the same period last year. Of which, seven groups of strong growth were telephones and components…

The USD price was free to follow the downtrend of the week, around 23,500 VND, the USD price was down. World gold prices fell slightly in Monday morning session (27/8) in Asian markets, pulling down domestic gold prices. The USD price has continued to fall in the downward trend of the week, about VND 23,500 per USD. At nearly 10h, Phu Quy Group listed SJC gold price in Hanoi market at 36.66 million dong / tael (buy) and 36.76 million / tael (sold out). Compared with Sunday morning, the price of SJC gold in this enterprise is reduced by 10,000…

The United States raised the demand grows, which means the trade war can hardly end soon … The trade war between the United States and China will be tense. After months of risk-taking and warnings, the “hawks” in the administration of President Donald Trump are winning against the moderate, Bloomberg news agency said. Trade talks held last week in Washington between US and Chinese officials have not worked, and this is seen as a signal that the two sides will soon cease firing. In the future, the United States may impose tariffs of up to $ 200 billion in China,…

Pepper prices have not been braking for more than a year, after setting a record price, up to 220 million per ton … Vietnam can supply around 200,000 tons / year, accounting for 62% – 65% of total pepper output. According to preliminary statistics of the General Department of Customs, pepper export in 8/2018 is estimated at 20,000 tons, worth 58 million USD, the export of pepper in the first eight months of 2018 estimated 173 thousand tons, with USD 577 million, increasing 13.07% in volume and 11.29% in value over the same period. However, average export prices in the…

Prime Minister Nguyen Xuan Phuc has “ordered” for agriculture in the next 10 years to stand in the top 15 most developed countries in the world … According to calculations by the Ministry of Agriculture and Rural Development, in 2018 there will be about 8 – 9 agricultural product processing plants inaugurated, the total investment in vegetable plants is estimated at 5,710 billion. Looking at the current state of the vegetable industry in Vietnam today is only about 1% of world demand. Therefore, in order to meet the Prime Minister’s orders, the agricultural sector must strive to accelerate the deep…

Meanwhile, US fish exports to the US, EU … The top 3 biggest pangasius export markets are China, USA and EU. After 3 years of slowdown, export of catfish to the US and EU markets has started to grow again. The export value of pangasius to the US market in July / 1818 surpassed China to the top of the list. However, China remains Vietnam’s largest importer of pangasius and, according to experts, wants to export sustainable pangasius in China to boost its exports. In the first seven months of 2018, total export value of pangasius reached USD 1.198 billion,…

In 2018, the import-export turnover of Vietnam and the Czech Republic is forecast to continue exceeding $ 1 billion … Vietnam – Czech trade is forecast to exceed $ 1 billion in 2018. Vietnam Trade Office in the Czech Republic leads the latest statistics of the Statistics Office of the country shows that bilateral trade turnover in Vietnam and the Czech Republic in the first 6 months of 2018 continued to increase nearly 14% over the same period last year, marked a steady growth of over 10% from 2015 onwards. Specifically, in the past six months, the import-export turnover of…