Vietnam targets to curb trade deficit at 18% export revenue or $14.2 billion in 2011, up $1.8 billion from 2010 Vietnam targets to curb trade deficit at 18% export revenue or $14.2 billion in 2011, up $1.8 billion from 2010, the local online Saigontimes reported on Jan 9, cititing the Ministry of Industry and Trade [...]
China is the huge production base of the world. mobile phones, computers or clothes, which bear the well known US or Italian brands, are made in China or assembled with the accessories sourced from China. it is understandable why Vietnam has been importing so much. However, experts believe that now is the time to reconsider [...]
Surging exports kept Vietnam’s trade deficit relatively steady at 12.4 billion dollars this year, the government said on Tuesday, but concerns over the country’s economic stability remain. Exports rose 25.5 percent year-on-year to 71.6 billion dollars while imports were up 20.1 percent to 84.0 billion dollars, the general Statistical Office (GSO) said in a preliminary [...]
The Government yesterday reviewed this year’s socio-economic development and overall management, and began putting together next year’s work schedule. Speaking at a regular monthly meeting chaired by Prime Minister Nguyen Tan Dung, cabinet members agreed that industries had achieved encouraging production and trade results given the global economic slowdown and the effects of natural disasters. [...]
The target of exports and imports in 2010 has been exceeded easily, but trade gap would also exceed $12 billion this year, the state-run online newspaper VnEconomy reported on December 17. Statistics from the general Department of Vietnam Customs showed that during the first 11 months this year, the country’s export turnover reached $64.5 billion, [...]
The trade deficit will increase to as much as US$14 billion next year, up from this year’s estimated $12 billion, according to a forecast from the Ministry of Planning and Investment’s Economic Services Department. Exports next year, excluding crude oil, were expected to total $78 billion – an increase of 10 per cent over the [...]
The trade deficit may be narrowing year after year but remains a concern, a minister has said. The deficit narrowed from US$18 billion in 2008 to $12.8 billion last year, and is likely to be $12 billion this year, or 17.02 per cent of exports, Minister of Industry and Trade Vu Huy Hoang said. The [...]
Vietnam exported $6.45 billion worth of goods in November, bringing the country’s total export value to $64.28 billion in 2010. The figure represents a 24.5 per cent on-year rise, according to the General Statistics Office. In the meantime, import values were estimated at $7.7 billion in November, bringing the country’s total to around $74.93 billion. [...]
It is essential to boost domestic production and encourage Vietnamese people to use Vietnamese goods to stabilise the macro-economy, said Minister of Industry and Trade, Vu Huy Hoang, at the National Assembly’s question & answer session in Hanoi on November 22. Trade deficit still under control Mr Hoang said 2010 was the first year Vietnam [...]
A proper analytical framework is necessary to gauge the impact of several trade agreements signed by Viet Nam on the economy and society, a trade official says. Nguyen Thi Hoang Thuy, deputy director of the Department of Multilateral Trade Policy under the Ministry of Industry and Trade, said it was also necessary to analyse trade [...]
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