After months of challenges and faults in the global ingredient supply chain, peaks and valleys are the landscape for Vietnamese drug giants in their first-half performance, and several factors remain that could damage their operational prospects in the months to come.
Vietnamese goods are likely to face intense competition once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect in early August, economists have forecast.
Vietnam would remain a prime candidate for gains over the near term, according to Fitch Solutions.
Mondelez International – the world’s leading snack corporation and the parent firm of Kinh Do Mondelez Vietnam – announced that it would reduce its product portfolio by approximately 25 per cent.
Over the course of the past two quarters, Vietnam's export-import turnover declined by 2.1 per cent on-year to $238.4 billion, the very first instance of decrease.
The electronics industry in the last six months of the year is forecasted to be still greatly affected by the COVID-19 pandemic, which reduces demand in the US and European markets.
As the pandemic brings opportunities to the e-commerce sector, the local logistics industry also has a chance to grow.
Global cordless power equipment and floor care company Techtronic Industries Co. Ltd. (TTI) earlier this month organised its first-ever Vietnam supplier workshop together with the Saigon High-Tech Park to look for local suppliers for its manufacturing facilities in Viet Nam.
The central province has proposed a Private-Public-Partnership (PPP) model for calling on investment from the private sector in two key projects – the Chu Lai Airport and sea port systems in the near future.
Vietnam recorded a trade surplus $5.46 billion in the first half of this year, widening from a surplus of $1.72 billion in the same period last year, government customs data released on Monday showed.