Four potential fields of investment in 2014
Businesses are eyeing real estate, securities, pharmaceuticals, and exports as the most attractive investment fields in 2014.
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Businesses are eyeing real estate, securities, pharmaceuticals, and exports as the most attractive investment fields in 2014.
The future is looking brighter for Viet Nam as the country begins the Year of the Horse, economists say.
Vietnam's exports are forecast to enjoy a good year in 2014 thanks to the country's efforts to expand markets and new opportunities generated from trade deals that are expected to be concluded next year.
Vietnam's export revenue from agriculture, forestry and fishery in December totalled over US$2.3 billion, bringing the aggregate sectoral export revenue in 2013 to US$27.4 billion, up 0.7% over 2012.
Prime Minister Nguyen Tan Dung has called for greater efforts to develop both domestic and foreign markets, boost exports and effectively control imports.
Export revenue from the agriculture, forestry and fishing industries was estimated at US$25.25 billion in the first eleven months of 2013.
Vietnam achieved a trade surplus of US$10.8 billion with the European Union in the first nine months, accounting for 60.6% of its exports to the EU.
Vietnam expects to bring in US$2.5-2.6 billion from shrimp exports in 2013, 15% more than last year's total, owing to the stability of an average monthly turnover of US$250 million.
Vietnam's wood export turnover may reach USD5.5 billion with a growth rate of 10-15 percent in 2013, according to the Vietnam Timber and Forest Product Association.
Vietnam earned nearly USD280 million from shrimp exports in August, a year-on-year increase of 38 percent, bringing the total shrimp export value to USD1.67 billion in the first eight months of this year.
Association of Seafood Exporters and Producers (VASEP) General Secretary Truong Dinh Hoe has described the US Department of Commerce's preliminary decision on anti-dumping taxes imposed on Vietnamese tra fish exports as not completely objective.
Judging from Ukraine's great potential for agricultural and industrial development, Vietnamese businesses need to achieve deeper penetration into this market, said Nguyen Tien Tiep, Vice President of the Vietnam-Ukraine Friendship Association.
Vietnam's exports to the UK soared 41.6 percent to top USD1.76 billion during the first half of this year, according to the General Department of Customs.