• THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES

Motives for boosting Vietnamese prawn exports in the second half of 2023

For the enhancement of shrimp exports as a whole, the VASEP Association focuses on identifying the advantages of Vietnamese shrimp, including farming and processing technology as well as a variety of market-appropriate products.

The export price of rice skyrocketed, whereas the price of coffee continued to 'plunge'

The price of Vietnam's 5% broken rice increased to $550-575/ton on July 27, the highest level since 2011; meanwhile, coffee prices on the global market continued to decrease.

Despite the challenging market, many businesses continue to encroach on real estate.

In the context of the still-challenging real estate market, many businesses within the industry have drastically shrunk or even closed, but several businesses from outside the industry continue to encroach on this segment.

China "tightens" its food safety regulations, posing a challenge for Vietnamese businesses.

China's ongoing tightening of food safety regulations presents several difficulties for Vietnamese firms exporting goods to China. In light of the Chinese market's ongoing tightening of food safety regulations for imported agricultural products.

Many prices for consumer goods increased, "pulling" the July CPI up 0.45%.

This rise in the consumer price index - CPI in July 2023 was primarily attributable to a sharp increase in the prices of key groups of goods and services.

Vietnam and Israel have signed a free trade agreement, which is an excellent development for the seafood, timber.

The Vietnam-Indonesia Free Trade Agreement (VIFTA) will create many opportunities for Vietnamese businesses in the fields of seafood, timber, vegetables, and many others, as well as facilitate import and export between the two nations.

Opportunities for the wood and forest product industry to reach the 2023 goal of 18 billion USD

Despite numerous obstacles, Vietnam's wood and forest products industry is determined to reach its 2023 export goal of up to 18 billion US dollars.

In the first six months, Thai Binh anticipates a total export volume of 1,168 million USD.

According to a report by the Statistics Office of Thai Binh province, the province's export turnover increased by 4.5% in the first half of 2023, reaching an estimated $1,168 million.

Leaders of VINASME met with the Embassy of the Republic of South Africa in Vietnam to discuss bilateral relations.

The Vietnam Association of Small and Medium Enterprises (VINASME) recently met with Mr. Marius Conradie, Political Counsellor at the Embassy of the Republic of South Africa in Vietnam.

Vietnam increases rice exports to ensure balance in the world market

According to the Department of Import-Export, India's implementation of a policy to limit rice exports will have a significant impact on the global rice market.

Phu Tho contributes over 12 billion VND to technology innovation businesses.

Phu Tho province actively implements Resolution No. 15/2020/NQ-HDND dated December 9, 2020, of the Provincial People's Council, which provides support for small and medium-sized industrial production enterprises to invest in the industry's renovation

In only six months, Quang Ngai Road exceeded the profit target for 2023.

Quang Ngai Sugar recorded a net profit of nearly VND 712 billion in the second quarter, up 95% from the same period last year. Notably, the company surpassed its annual profit goal in only six months.

Vietnam's rice exports reached $2.4 billion in the first half of July.

By the first half of July, the country had exported nearly 4.5 million tons of rice, earning nearly $2.4 billion, up more than 17% in volume and 28% in value over the same period last year.

More than 1,000 billion VND has been committed to lending as part of a 120,000 billion VND credit package.

Agribank has committed 950 billion VND to 1 social housing project in Quang Ninh and is in discussions with nearly 10 other projects. While BIDV has financed a project in Phu Tho with a credit of approximately VND 95 billion, the project is sponsored

Vietnam International Sourcing 2023: Dutch business delegation anticipations

Shortly, the multidisciplinary Dutch business delegation will participate in the Event Series Connecting International Suppliers - Vietnam International Sourcing 2023.

Vietnam has imported a total of 27,6 million tonnes of coal.

According to the General Department of Customs, Vietnam's coal imports for the period beginning July 1, 2023 (July 1 to July 15) reached 3.51 million tonnes, which is double the 1.69 million tonnes recorded for the same period in 2022.

Automobile consumption will continue to rise until the end of the year.

From now until the end of the year, it is anticipated that automobile consumption will continue to rise. Sub-1 billion VND family automobiles remain the most popular.

TTC Mekong Aqua Park is the first water park to open in the city of Ben Tre.

Thanh Thanh Cong Tourism Joint Stock Company (TTC Hospitality, a subsidiary of TTC Group) hosted the opening ceremony for TTC Mekong Aqua Park, the city's first water park.

The modernization of Ho Chi Minh City's urban rail system is a significant step forward for transportation.

The Department of Transport of Ho Chi Minh City is examining, revising, and incorporating several urban railway lines and numerous connecting routes into the city's transport plan.

Vietnamese organic agricultural products are exported to more than 180 nations and territories.

Vietnam's organic agricultural product export turnover is over 335 million USD/year, present in over 180 countries and territories. Organic agriculture in Vietnam is becoming an important part of modern agriculture.