The world economy’s rebound had positive effects on Vietnam’s import-export activities this year, increasing their value by nearly 21 percent compared to 2009. Despite the difficulties and challenges from the world economy, the national economy, especially the trade sector, has achieved impressive results. Fulfilling export target According to the Ministry of Industry and Trade, exports [...]
Vietnamese enterprises feel happy because the export turnover in 2010 is expected to be 4.2 times higher than the targeted level. However, experts have pointed out that the growth appears impressive only because policy makers set low targets. Government agencies have estimated that the total export revenue in 2010 would be $71.6 billion, a sharp [...]
Vietnam is striving to reduce the trade deficit to 14% by 2015 and to obtain the payment balance in a few years. However, this proves to be a very difficult task, for many reasons. It is understandable that trade deficit is unavoidable for developing economies like Vietnam. However, if Vietnam has to import products, it [...]
“It will be a real challenge for Vietnam to rein in the deficit in the future†Vietnam will raise its export revenue by up to 10 per cent this month enabling it to hit a record $71 billion in revenue for 2010. The Ministry of Industry and Trade (MoIT) last week predicted that Vietnam would [...]
Vietnam exports are generating an estimated 24-per-cent increase in revenues for 2010 and will reach 70.8 billion dollars, according to government data published Thursday. The estimate surpassed by 16.5 per cent the projected 60.5 billion dollars in export value for the year, according to the Ministry of Industry and Trade (MIT). “It is really an [...]
Vietnam’s exports have grown considerably in 2010 but its trade deficit is estimated to below 20 percent, the Ministry of Industry and Trade announced on November 29. The total export turnover is expected to hit US$70.8 billion for the whole year, an increase of 24 percent over 2009 and 16.5 percent above the projected target. [...]
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