The government cannot achieve its import-export balance target by 2020 unless drastic measures are taken. Vietnam’s total export value exceeded $87 billion in the year to November, surging $7.8 billion over the projected full-year plan. However, total import value in the same period reached $96.1 billion, leading to a trade deficit of $8.9 billion. In [...]
A workshop was held in Can Tho city to introduce business opportunities in the Mekong Delta region to increase exports to Saudi Arabia and the greater Middle East. The event was held by the Vietnam Chamber of Commerce and Industry (VCCI) branch in Can Tho city. Participants were provided with updated information on the Saudia Ariabian market and the [...]
The global economy will recover slowly though growth will accelerate from this year’s rate, while Viet Nam’s export performance will improve, analysts have said. Speaking at the 2012 Viet Nam Economy Outlook workshop organised by the Viet Nam Economic Times in HCM City yesterday, economist Truong Dinh Tuyen said: “Thailand will face difficulties after its [...]
Ministry of Industry and Trade (MoIT) is going to propose the government to eliminate the “temporary import for re-export” . “Temporary import for re-export” or “import for export” is an aperture for individuals and organizations to import inferior, bad even banned and hazardous goods into Vietnam, Vu Huy Hoang, Minister of MoIT explained the reason [...]
Vietnam’s trade deficit in 2012 is expected to stay at US$13 billion, equal to about 12% of total exports, according to the Ministry of Industry and Trade. In 2012, Vietnam’s exports are projected to increase 13% against 2011 to achieve a turnover of about US$108.5 billion. Import spending is expected at about US$121.5 billion, up [...]
After succeeding in some big markets, big Vietnamese economic groups have begun undergoing challenges to conquer far and hard-do-deal-with markets such as Africa, or the Middle East. Besides the EU market, the Middle East has become the target market of the Vinamilk, a dairy producer. After one year of interruption due to political uncertainties, Vinamilk [...]
Vietnam-Myanmar trade is estimated to have reached $135 million during the first 11 months of 2011, growing by 47.8% against the year earlier, according to Myanmar Customs Department. In which, Vietnam’s export to Myanmar was $65 million, rising by 99% and its import from Myanmar surged 19.3% to $70 million. In 11 months, Vietnam is [...]
Vietnam is likely to incur a trade deficit of $10 billion in 2011, the Minister of Industry and Trade Vu Huy Hoang told the local newspaper Tuoi Tre (Youth). The country’s trade deficit has continuously declined in recent years ($18 billion in 2008, $12.9 billion in 2009, $12.6 billion in 2010 and is likely to [...]
Can Tho’s exports are estimated to hit US$1.3 billion this year, up 24.5 percent compared to the target set. Rice and seafood, at US$862 million, accounted for 67.6 percent of the total export value, according to the provincial Department of Industry and Trade. The province has invested tens of billions of Vietnam dong to install [...]
Vietnam has so far earned US$87.2 billion from exports, which is well above the yearly target of US$80 billion set by the Ministry of Industry and Trade. This represents a 34.7 percent rise from the same period last year for all export items. The highest increase was recorded in the foreign investment sector (up 40.7 [...]
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