The Ministry of Industry and Trade announced the Vietnam's Import-Export Report 2017 at a ceremony held in Ho Chi Minh City on March 22, which provided an overview of the country's import and export activities in 2017. The annual report aims to provide useful information and data on the industry and trade sector, and the import-export activities in particular, for State management agencies and the business community. General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe said that the report is an important publication for associations and the business community as it provides access to accurate information on current world practices, foreign trade activities, potential markets, and others to help facilitate enterprises. He hopes that the annual report would not only update new information but also expand its scope of review on issues of attention for enterprises, including trade protectionism and technical barriers. The report showed … [Read more...] about Vietnam”s Import Export Report 2017 released
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Vietnam Import-Export Report 2016 released
The Hanoitimes - The Ministry of Industry and Trade (MoIT) held a ceremony in Hanoi on March 29 to announce the Vietnam Export-Import Report 2016 issued for the first time. The 2016 report gives an overall and systematic assessment of the country’s external trade in the past year. The report noted that in 2016, total export revenue reached 176.6 billion USD, an increase of 9 percent year on year. Tran Thanh Hai, Vice Director of the MoIT’s Export and Import Administration, assessed that amidst the changing world economy, Vietnam’s export rise of 9 percent is a positive result compared to the previous year as well as to other countries in the region. He said that many regional countries suffered decreases in export revenue, including China with 7.7 percent, India with 1.3 percent and Malaysia 4.9 percent, while Thailand saw a slight increase of 0.5 percent. The official noted that the growth of export significantly contributed to improving the payment balance as … [Read more...] about Vietnam Import-Export Report 2016 released
Vietnam’s import-export turnover increases 22% in 11 months
VietNamNet Bridge - The total import-export turnover of Vietnam has reached US$139.22 billion in the first eleven months of the year, an increase of 21.9 percent over the same period last year, said General Directorate of Customs. Seafood sees the highest growth in export revenue at an estimated $4.9 billion, 6.5 percent higher than planned, a year-on-year increase of 16.4 percent. In the past 11 months, export turnover posted more than $64.28 billion, a 24.5 percent year-on-year increase. The growth of export turnover in the past 11 months was attributed to the increase in most commodity prices, including agricultural products from 4.8 percent to 83.8 percent; crude oil, 33.9 percent; and coal, 53.2 percent. Of agricultural product, cassava saw the highest increase of 83.8 per cent; rubber, 81.2 percent; cashew, 21.2 percent; pepper, 39 percent; tea, 11 … [Read more...] about Vietnam’s import-export turnover increases 22% in 11 months
Import-Export tunover reaches US$ 116.04 billion by first half of 2014
The Hanoitimes - Vietnam import-export turnover of the first half of 2014 reached over US$ 116.04billion, said General Department of Vietnam Customs. Total export turnover reached nearly US$ 58.78billion, an increase of 15.9 percent and import turnover was more than US$ 57.26 percent, a rise of 10.3 percent, compared to the same period last year. Commercial deficit in May was US$ 369million brought the nationwide trade surplus in the first half of 2014 to US$ 1.52billion. Alone FDI block, total export turnover touched US$ 36.31billion, up 18.3 percent and made up 62.3 percent total export value. Total import turnover targeted US$32.35billion, up 10.7 percent compared to the same period last year and gained 56.7 percent of total Vietnam import value. FDI enterprises said they enjoyed a rise of 59.2 percent of import –export turnover with US$ 68.65billion for the first half of 2014. VNN … [Read more...] about Import-Export tunover reaches US$ 116.04 billion by first half of 2014
Vietnam-US: Great Import-export Potential
Vietnam-US: Great Import-export Potential The visit to the US by President Nguyen Minh Triet and a business delegation has concluded successfully, with 15 projects worth nearly US$11 billion signed. Vietnam Business Forum reporter Nguyen Thoa interviewed VCCI President Vu Tien Loc for more information. Can you talk about the results of the visit to the US by President Nguyen Minh Triet and the Vietnamese business delegation?During the visit to the US, President Nguyen Minh Triet and the Vietnamese business delegation spent most of their time in the meetings and contacts with leading American economic groups. Agreements and contracts signed between Vietnamese and American businesses valued at nearly US$ 11 billion. This is a record so far. Most of them are big infrastructure development projects, such as sea ports, power stations, industrial zones, urban areas. There are also projects developing financial markets and institutions, ITC, education and training. During the visit, … [Read more...] about Vietnam-US: Great Import-export Potential