Vietnamese banks bought US$450 million in US currency from local companies this year and are ready to sell the dollars to the central bank, according to the State Bank of Vietnam. The figure for the currency purchases was given today by Nguyen Dong Tien, deputy governor of the State Bank of Vietnam at a press conference in Hanoi. Tien didn’t elaborate. Vietnam’s central bank has been struggling... 

Vietnam exported 19,000 tonnes of tuna to the United States in 2009, earning 67.3 million USD, reported the General Department of Customs. The figures represent year-on-year increase with the US of 20.4 percent in volume and 23 percent in value, accounting for 37.2 percent of Vietnam ’s tuna export share market, maintaining positive growth rate in both volume and value, according to the Vietnam... 

While Vietnam has clearly emerged as an alternative to China for manufacturing work, the country is also increasingly showing up on the radar screen of companies seeking an alternative destination for outsourced IT work and outsourcing in general, reported a US newspaper. “In fact, Vietnam is well poised to position itself as an alternative to China for both IT and outsourcing work and as a cost... 

Two Vietnamese product fairs have been held at the border gates of Khanh Binh and Tinh Bien, says Vu Kim Hanh, director of Vietnam’s Business Studies and Assistance Centre (BSA). At the fairs, co-organised by BSA and the An Giang Provincial Centre Trade Promotion and Investment, Cambodian consumers had the opportunity to buy high-quality Vietnamese products. In addition to trade promotion activities,...