Vietnam Economy Forum

[Mr Second]

Viet Nam's export to Egypt reaches US$201 million
Thứ tư, 05 Tháng 9 2012 02:50

Viet Nam's export turnover to Egypt reached US$201 million in the first seven months of the year, said Viet Nam Ambassador to Egypt Dao Thanh Chung. Chung said the country's exports to Egypt in 2010 amounted to $200 million while last year's were $280 million, adding that Vietnamese enterprises have brought considerable goods into the market.

Viet Nam's main export items to Egypt have been rice, wooden furniture, consumption goods and seafood.

The latest report from the Ministry of Industry and Trade showed that Egypt has been the fourth largest country which imported Vietnamese goods among 67 countries having trade relations with Viet Nam.

Viet Nam has imported materials serving for production with a yearly average turnover of $20 million.

However, the ministry said that trade has not been up to the two countries' potentials despite increasing export turnover over the past few years. Chung urged Vietnamese businesses to penetrate further into the market.

He said the embassy would support and create favourable conditions for businesses to promote their trade in Egypt as well as expanding the range of export items available.

Egypt has been in need of agricultural products, cloth, electronics, mobile phones, machines and equipment.

He added that the two countries should establish a Viet Nam-Egypt Business Council to promote trade, investment and co-operation. The two countries aimed to bring their bilateral trade to $500 million.


Viet Nam's export to Egypt reaches US$201 million

Quite amazing when I know Egypt people eating rice, thought they eat "banh" as major food before.

 

[Viva_Viet]

Quite amazing when I know Egypt people eating rice, thought they eat "banh" as major food before.

Rice also can be used make make some kind of 'banh' (cake) too, like 'Banh Gao' (rice cake)

 

[Viet]

wow...that will be a major breakthrough if we can place our products at Wallmart.

Vietnam latest news - Thanh Nien Daily |
Walmart sourcing executive seeking Vietnamese goods

Lixil Vietnam Ltd Company (Japan), built on 55ha with investment capital of more than US$440 million, manufactures resin and aluminum products, including sashes, door and window frames, and roofs

Taiwan’s An Shen Company has decided to invest in a US$40 million leather shoe factory in Dong Thap province’s Tran Quoc Toan Industrial Zone.

A 20km section of the Saigon-Long Thanh-Dau Giay Highway opened to traffic on January 2

 

[elis]

Viet Nam's export to Egypt reaches US$201 million
Thứ tư, 05 Tháng 9 2012 02:50

Go ahead, Egypt of Al Sissi has forbidden all the zionists muslims brothers terrorists

Now it's a nice country that i love

HA NOI - Despite residents' constant groaning over traffic jams and overcrowded hospitals and schools, Viet Nam is considered the second happiest country in the world, behind Costa Rica, with Colombia third.

What a joke

 

[Mr Second]

A 20km section of the Saigon-Long Thanh-Dau Giay Highway opened to traffic on January 2

[/quote]
A Good example! Tell the government that Vietnam Does NEED a modern highway system!!! Driving in Vietnam sometime is very dangerous!(own experience)

 

[ViXuyen]

At the moment, Viet Nam has 110 km of expressway completed, another 477 km and 130 km to be completed in 2014 and 2017 respectively. Building expressway in Viet Nam is mission impossible due to land clearance. A typical 50-km expressway in Viet Nam costs about $1 billion usd. According to the government, Viet Nam would need 5873 km of expressway

 

[Viet]

A Good example! Tell the government that Vietnam Does NEED a modern highway system!!! Driving in Vietnam sometime is very dangerous!(own experience)

heh...what do you think of opening a thread "a Chinese in Vietnam" to tell us about your experiences?
you are Chinese and live in Vietnam. You know both countries and the people. And most importantly you speak Vietnamese.

 

[Viet]

Vietnam Economic Outlook 2014: Exports, FDI To Support Growth

By Moran Zhang
on January 03 2014 7:45 AM
Share this article

A Vietnamese farmer walks in a rice field outside Hanoi February 15, 2006. REUTERS/Kham

The future is looking brighter for Vietnam as the country begins the Year of the Horse, economists say.
“With global conditions improving and trade negotiations in the works, export-oriented firms will enjoy another year of robust growth,” said Trinh D Nguyen, an economist at HSBC, in a note. “Exports, especially foreign-invested manufacturing firms, will provide a boost to Vietnam’s growth [in 2014].”

New

New investment in manufacturing coupled with improved E.U. and U.S. demand will lift exports 2014. HSBC / Trinh D Nguyen
Nguyen expects exports to rise 20 percent this year from 15.4 percent in 2013, which will help gross domestic product expand 5.6 percent in 2014, up from 5.4 percent in 2013.

Foreign direct investment (FDI) is likely to grow strongly in 2014, outpacing overall growth and resulting in a “two-speed” economy, Standard Chartered's Betty Rui Wang predicted.

“International manufacturers and investors are attracted to Vietnam’s low-cost labor pool and large domestic market … [they] are showing sustained investment interest in the country, despite structural challenges to the economy,” Wang said.
Registered FDI rose 95.8 percent to $13.1 billion in the first 10 months of 2013, and disbursed FDI rose 6.4 percent year-over-year to $9.6 billion over the same period.

While foreign-invested sectors accounted for only about 18 percent of 2012 GDP, they accounted for 63 percent of Vietnam’s exports and 53 percent of its imports.

Electronics exports have also significantly increased in importance over the past few years -- they now make up 24.5 percent of total exports, compared with 4.4 percent in 2008, according to Prakriti Sofat, an economist at Barclays Capital. The main impetus has come from mobile phone exports -- with shipments accelerating sharply since late 2011.

In 2009 Samsung Electronics Co., Ltd. (KRX:005930) opened its first handset plant in Vietnam, (total investment of $1.5 billion), which is also its second-largest factory worldwide. The company, which surged past Apple Inc. (NASDAQ:AAPL) to the top of the mobile-phone industry, built the business by tapping China’s cheap and abundant labor force. But not for much longer. Samsung is shifting its output to Vietnam to take advantage of even lower wages.

The South Korean company recently signed a contract to build its second factory ($2 billion), which will make 100 million phones a year. Other mobile phone companies such as LG Electronics Inc. (KRX:066570) and Nokia Corporation (NYSE:NOK) are also investing. Nokia opened its first factory in Vietnam in October 2013. The $300 million plant is expected to create 10,000 jobs and produce 45 million handsets per quarter, Thanh Nien News reports.

Vietnam’s wage levels are a lot lower than elsewhere in Asia. According to a JETRO report, monthly pay for general workers in Vietnam is roughly 32 percent of levels in China, 43 percent in Malaysia and Thailand and 62 percent in Indonesia.

“Looking into 2014, we expect further price hikes for energy commodities such as electricity and fuel. While inflation will accelerate in 2014 to 7.9 percent (average), the State Bank of Vietnam has scope to keep rates on hold in the first quarter of 2014,” Nguyen said.


Moran Zhang
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Moran Zhang is a finance and economics reporter at The International Business Times. Her work has appeared in the Wall Street Journal Digital Network’s MarketWatch, United... Continue Reading

 

[Mr Second]

heh...what do you think of opening a thread "a Chinese in Vietnam" to tell us about your experiences?
you are Chinese and live in Vietnam. You know both countries and the people. And most importantly you speak Vietnamese.

Vang, doi khi sao co tet viet. Hom qua den Viet Nam va vo vi trang tri cua villa se ket thuc nhanh, va di nha chi, chu, bac, di...khi truoc co tet. Nha Viet Nam co tre em rat nhieu, chu nen cung chuan bi bao lixi, va ho choi...met qua Hom nay chuan bi hoi ban bay gio co show cua Miu Le chua. Toi rat yeu co ay, nhung vo k yeu, vi "impossible". Ban phai hieu tai sao neu ban di nghe day... Di lam roi.

 

[beijingwalker]

Shrimp accounts for over 60 pct of Vietnamese seafood exports to China
2014-01-07 11:01

Vietnam's shrimp accounted for a large proportion of over 60 percent in Vietnamese seafood export turnover to China in 2013, according to Vietnam Association of Seafood Exporters and Producers (VASEP).

The association said on its website on Monday that in the first 11 months of 2013, Vietnam exported some 517 million US dollars worth of seafood products to China, an increase of 38.7 percent over the same period in 2012. Among the seafood products exported to China, shrimp accounted for some 68 percent, worth over 349 million US dollars, up 53.7 percent year-on-year.

VASEP said the price of shrimp exported to China remained quite stable in recent years. During 2000-2006 period, shrimp export price increased from $ 6.53 to a peak of $ 8.68 per kilogram in 2002, then declined.

During 2006-2012, price of shrimp exported to China ranged from $7.5-8.5 per kilogram, and is expected to increase in the coming years, said VASEP.

Shrimp export to China is forecast to continue the increasing trend as changing lifestyle and higher income have helped boosting demand for seafood consumption in the country, especially high- quality products, assessed VASEP.

[/QUOTE]

 

[Genesis]

if you ever watch Forrest Gump, you will know that Vietnam is just good shrimping, and after living in the interior for most of my year, I always grab a couple KG of fresh shrimp whenever I make it back to Shanghai, not sure if that's from Vietnam.

 

[Viva_Viet]

Vang, doi khi sao co tet viet. Hom qua den Viet Nam va vo vi trang tri cua villa se ket thuc nhanh, va di nha chi, chu, bac, di...khi truoc co tet. Nha Viet Nam co tre em rat nhieu, chu nen cung chuan bi bao lixi, va ho choi...met qua Hom nay chuan bi hoi ban bay gio co show cua Miu Le chua. Toi rat yeu co ay, nhung vo k yeu, vi "impossible". Ban phai hieu tai sao neu ban di nghe day... Di lam roi.

Yeah, hope u will express ur own experience when travelling in VN .

btw: in Tet u should Li xi for each kid max 10.000 (~ 0.5 US cent) only. Dont make them become greedy from too young.

Back to the topic

Rockefeller’s Firm Plans $2.5 Billion Vietnam Development
By Bloomberg News Jan 14, 2014 4:46 PM GMT+0700


Source: Vung Ro Petroleum Co. via Bloomberg
An artist rendering shows the marina of the Vung Ro Bay development in this undated... Read More

Rose Rock Group, a Rockefeller family-backed alternative investment management firm, will help develop a $2.5 billion residential and hotel project on the south-central coast ofVietnam.

The Vung Ro Bay development covering 200,000 square meters (2.15 million square feet) will be developed with Vung Ro Petroleum Co., a Tuy Hoa, Phu Yen province-based oil company, according to a joint e-mailed statement today. The project will include 350 marina berths, hotels with more than 760 rooms, 4,300 residential apartments, 100 townhouses and retail shops, according to the statement.

The new development comes amid a growing interest among overseas investors in Vietnam’s potential as a tourism and gambling destination. Vietnam’s property prices dropped between 10 percent and 30 percent last year and the declines have boosted sales and reduced supply in the market, Construction Minister Trinh Dinh Dung said on Dec. 24.

“Vietnam’s property market has been a bit of a roller coaster,” said Nicholas Holt, Asia-Pacific research director at Knight Frank LLP in Singapore. “We are seeing foreign investors sniffing around for good opportunities and the returns could be potentially very attractive if one holds the view that the market is at the bottom and land prices will start to rise.”

Preferred Destination
Vung Ro is investing more than $4 billion to develop an oil refinery, petroleum plant and sea port in Phu Yen province, according to the statement. Rose Rock specializes in real estate, health care, and arts and culture. The group has developments in China, according to the statement.

“We look forward to making this development an outstanding and preferred destination in the Asia-Pacific region for visitors and a lifestyle choice for residents,” Collin Eckles, president at Rose Rock, said in the statement.

Vietnam’s VinaCapital Group, the country’s largest fund manager, is planning to build a $4 billion casino-resort complex in Quang Nam province on the south-central coast after developing a beach resort in Danang about six years ago, Chief Executive Officer Don Lam said in a phone interview today.

“We see central Vietnam as at the beginning phase of a growth stage,” said Lam. “If you look at southern China, it’s only a one-and-a-half-hour flight to beaches. The hotel costs are lower. And it’s a new destination.”

Casino Resort
Canada’s Asian Coast Development (ACDZ) is developing the Ho Tram Strip in southern Vietnam, bringing hotel resorts, a casino and a Greg Norman-designed golf course to the 2.2 kilometer (1.4 miles) beachfront, according to its website. The casino resort opened in July and a second resort will be operated by Pinnacle Entertainment Inc. (PNK), the Las Vegas-based-owner of U.S. casinos, according to Asian Coast Development.

So far, there have only been a handful of casino-resort projects approved by the government, said Richard Leech, executive director of CBRE (CBG) Group Inc. in Hanoi.

The number of international visitors to Vietnam increased 11 percent in 2013, according to the General Statistics Office of Vietnam. The country targets attracting 48 million visitors and 220 trillion dong ($10 billion) in total revenue, according to Nhan Dan Online, the Communist Party paper.

The country’s economy expanded 5.42 percent last year, faster than the 5.25 percent pace in 2012, according to the General Statistics Office.

Rockefeller family members are descendants of 19th-century oil magnate John D. Rockefeller, who founded Exxon Mobil Corp.

Rockefeller’s Firm Plans $2.5 Billion Vietnam Development - Bloomberg

More and more US investors coming to VN, with strong help from Russia-India-Japan-USA seem like we will get rid of 3rd nation in 2020

 

[+4vsgorillas-Apebane]

Shrimp is tasty but is so difficult to eat.
I actually prefer processed shrimp and prawns deep fried. Not good for your health but less hassle to eat.

 

[Mr Second]

BTW, tell you guys some living details in China. In Shanghai, if you even wants to buy a small apartment in the very suburb area, you need to pay 6500USD per m2, if in the very central area, the price will over 18000USD per m2. Thinking merry with Chinese girl in Shanghai? The wedding ceremony, only the ceremony AT LEAST cost you 35000USD, and the guys must have a house in local area, a car(same car is 5 or 6 times more expensive than in USA), and a strong heart(since your Chinese wife probably cannot cook meals or clean the house, but always want to a new genaration iphone when they have just released). If you can understand this, you know a real China. If you take care this, please come and live in China.

 

[shuttler]

Shrimp and all crustesean food are high on cholestrol but they contain so much other excellent ingredients like selenium Omega-fatty acids which are good for health

Some great Chinese shrimp dishes:

Kung Pao Shrimp 宫保虾球 / 宫爆虾球

Credit： yunbao.55bbs

Credit：hf777.com


Golden shrimp 黄金虾球

credit: foodeasy.com

Credit: 962360.com


Spicy and salty shrimp 椒盐虾

credit westerfood abang

Credit: food.panjk

Deep Fried Shrimp cakes 炸虾饼

credit： pchome.com

Stir fried Shrimp 清炒虾仁

credit：fjmingfeng.com