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According to the Voice of Vietnam, a total of 30 commodities enjoyed export values of over USD1 billion from January to November 2019, accounting for 91.6% of Vietnam’s total export turnover, according figures released by the General Statistics Office (GSO).

In November, the country’s total export turnover stood at an estimated USD22.6 billion, a fall of 6.7% against the previous month.

During the 11-month period, the nation’s export turnover reached approximately USD241.42 billion, up 7.8%.

Among the commodities, phones and components posted the largest export value with USD48.7 billion, accounting for 20.2% of total exports, a rise of 5.4% year on year.

The US remained Vietnam’s largest export market with turnover of USD55.6 billion, up 27.9%, followed by the EU, China, ASEAN, Japan, and the Republic of Korea.

Over 50,000 essential goods to be discounted 70% on Online Friday 2019

The Ministry of Industry and Trade’s Vietnam e-Commerce and Digital Economy Agency has launched an array of programs for Online Shopping Day (Online Friday) 2019, scheduled on December 6th.

Many consumers attended Online Friday 2018. (Photo: Zing.vn)

Themed “Super sales - Genuine goods”, this year’s online shopping day will draw the participation of more than 50,000 items from 1,000 big brands in Vietnam with discounts up to 70%, including essential goods for Tet (Lunar New year), household appliances, technology, cosmetics, fashion, airline tickets, books and stationery.

In addition, the event expects to have 20 million customer interactions and 200,000 successful buyers via e-vouchers. The total order value of the whole market is expected to reach more than VND2.5 trillion (about USD107.4 million).

In order to ensure the interest of customers, all goods sold at the event will be genuine goods with clear origin and of strictly controlled quality.

According to the Vietnam e-Commerce and Digital Economy Agency, Online Friday 2019 aims to encourage Vietnamese consumers to buy Vietnamese goods on Vietnamese e-commerce channels, as well as act as a bridge to bring Vietnamese products to export markets.

Hanoi sets up hotline for public investment problems

The Hanoi Department of Planning and Investment has been asked to advise the city People’s Committee on rolling out its hotline to receive input and handle problems in the process of implementing public investment projects.

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The move aims to accelerate the implementation and disbursement of plans in 2019.

Accordingly, the hotline will receive and respond to problems in the process of carrying out projects from the completion of investment procedures, implementation, allocation, disbursement and settlement of public projects in the city.

In addition, it will coordinate with related units to intensify inspection and strictly handle negative behavior in managing public investment at the city level like fraud, obstruction and bribery.

Investors must finalize procedures for recovering advance capital, pay remaining debts in basic construction of projects assigned in 2019, and timely send dossiers of projects funded with ODA capital or preferential loans of foreign investors for the State Treasury to record revenue and expenditure in accordance with regulations./.

BTA