Domestic businesses must cooperate in the promotion of production and export to curb the trade deficit. Le Danh Vinh, deputy minister of Industry and Trade, made this comment while taking part in an online meeting in Hanoi on August 2. According to Vinh, private and state corporations have managed to overcome exchange rate difficulties in [...]
Vietnam is estimated to have incurred a trade gap of $4.89 billion in the first four months of this year, up 6% on-year, driven by imports of machines and equipment, crude oil and fabric Vietnam is estimated to have incurred a trade gap of $4.89 billion in the first four months of this year, up [...]
Vietnam trade deficit hit all-time high at $1.41 billion in March, revising from the primarily estimation of $1.12 billion by the General Statistics Office(GSO) in late March, Vietnam trade deficit hit all-time high at $1.41 billion in March, revising from the primarily estimation of $1.12 billion by the General Statistics Office(GSO) in late March, the [...]
Vietnam trade deficit is estimated to reached $3.03 billion or 15.78% of the export revenue in the first quarter of this year (GSO source). Vietnam trade deficit is estimated to reached $3.03 billion or 15.78% of the export revenue in the first quarter of this year (GSO source). The rate was the lowest since the [...]
The trade deficit is forecast not to dramatically drop in the immediate future. According to latest General Statistics Office (GSO) figures, processed items using a large proportion of imported materials held the majority among items with buoyant export figures in the first quarter of 2011. For example, the export value of textiles and garments hit [...]
The trade deficit with China has risen eight-fold since 2002 to US$12.7 billion last year, or 102 percent of the total trade deficit. Most of the imports were of low-value goods like clothing, toys, footwear, food, and vegetables that can be produced domestically. Cell-phone imports were worth $791 billion and vegetables and fruits, $156.13 billion, [...]
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