Saturday, March 6, 2021 6:40:38 PM - Markets closed
VN-INDEX 1,168.69 +0.17/+0.01%
HNX-INDEX 259.80 +4.03/+1.58%
UPCOM-INDEX 78.56 +0.60/+0.77%
HCM City targets higher exports by key earners in 2021
VietNam+ - 1/5/2021 1:44:18 PM
 (0 ratings. You must sign in to rate.)
 HCM City has set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises.
 
According to a recent survey of manufacturing-processing companies conducted by the municipal statistics office, 35.7 percent of respondents believe business and production will be better in the first quarter of 2021 than in the final quarter of 2020, while 29.9 percent predict that the number of export orders will increase and 44.5 percent believe numbers will remain stable.
 
Head of the statistics office Huynh Van Hung said COVID-19 has been largely brought under control around Vietnam, resulting in the production sector exhibiting signs of recovery. Local enterprises, however, continue to face difficulties as many major trading nations are yet to open their markets.
 
He noted that enterprises are in need of diverse and long-term support relating to information on importers of materials and fuel, new markets and partners, and domestic consumption stimulus measures.
 
According to Nguyen Phuong Dong, Director of the municipal Department of Industry and Trade, despite facing myriad challenges, last year the city still saw five goods post export turnover in excess of 1 billion USD: computers-electronic products and components, with 17.8 billion USD; garment-textile 4.3 billion USD; footwear 2.2 billion USD; machinery-equipment-spare parts 2.2 billion USD; and other goods 6.9 billion USD. Together their export value accounted for 83.5 percent of the city’s total.
 
Key export markets remained China, the US, and Japan. China imported 10.5 billion USD worth of goods from HCM City last year, up 23.7 percent year-on-year. Exports to the US and Japan, meanwhile, stood at 6.7 billion USD and 2.8 billion USD, down 0.2 and 16 percent, respectively, year-on-year.
 
Phan Thi Thang, Vice Chairwoman of the municipal People’s Committee, directed local departments and sectors to identify and introduce measures to attract FDI and official development assistance (ODA).
 
She highlighted the importance of improving the business climate; encouraging the establishment of new enterprises in industrial production, electronics, and IT; and building mechanisms for effective inter-sector and inter-region cooperation./.
 
Read more at here
Newer News
03/02 Number of newly-established firms surges 21.9 percent in January
29/01 Maritime administration to inspect shipping rates hike
29/01 Japanese firms plan expansion in Vietnam this year: Navigos Search
29/01 Vietnam’s January exports up 50.5 percent year-on-year
13/01 Difficult year ahead for leather-footwear sector: experts
13/01 Two more Vietnamese dairy producers licensed to export to China
Older News
19/12 EVFTA brings first success with plenty more to come
19/12 EU leaders wish to strengthen cooperation with Vietnam
27/06 US initiates investigation into Vietnamese tyre
03/12 Vietnam’s economy stays positive amid global growth slowdown: PM
02/11 EVFTA must bring benefits to people: INTA chief
02/10 Phones and components lead in January-September export turnover
31/08 CPTPP promises stronger ties with Singapore, Malaysia: workshop
31/08 Asanzo cleared of origin fraud: VCCI
28/07 Exporting firms should focus on intellectual property
21/07 VN has trade surplus of about $1.6 billion in H1
 
Newsletter Signup
Top Stories
Number of new securities trading accounts reaches record high
Trade surplus posts record high since 2016
Reference exchange rate up 1 VND on June 5
Reference exchange rate up 6 VND on December 10
Reference exchange rate continue going down
Market Update
Last updated at 3:19:59 PM
VN-INDEX 1,168.69 +0.17/+0.01%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.