Wednesday, December 12, 2018 - 9:33:30

ASEAN Free Trade Area

Trade deficit drops, development continues

Business

Trade deficit drops, development continues

The trade deficit continued its down-turn, falling to 8.9 billion USD in the first 11 months of 2011, a year-on-year decrease of 1.7 billion USD, the General Statistics Office (GSO) said.

The GSO said growth in exports had been higher than imports in current months.

In the first 11 months of this year, export turnover was 22.5 billion USD, up 34.7 percent over the same period last year. Meanwhile, imports in the same period rose 26.4 percent, worth 96.07 billion USD.

China-ASEAN expo kicks off

World

China-ASEAN expo kicks off

The eighth China -ASEAN Expo (CAEXPO-2011) themed, “Cooperation in environmental protection” kicked off in the southwestern city of Nanning in Guangxi Zhuang Autonomous Region of China on Oct. 21.

ASEAN-China trade achieves huge growth

World

ASEAN-China trade achieves huge growth

Two-way trade between China and the Association of Southeast Asian Nations (ASEAN) increased enormously in the past two decades, from 7.9 billion USD in 1991 to 229.7 billion USD in 2010.

Auto industry likely to shy away from local bid

Business

Auto industry likely to shy away from local bid

Experts warned it was impractical for a developing country like Vietnam to dream of locally produced automobiles while deliberating an industry master plan for 2020 and a vision for 2030.

At a recent workshop on this issue, many executives from the auto industry frankly ruled out the option for a local brand name, recommending intensive investment in production of auto parts for local assembly or just taking a part in global production instead.

Exporters urged to target Asia markets

Business

Exporters urged to target Asia markets

Domestic exporters should capitalise on the rising import growth rates of Asian countries and boost exports to those markets, Deputy Minister of Industry and Trade Nguyen Thanh Bien said April 7.

US Global X Funds launches first ASEAN ETF

World

US Global X Funds launches first ASEAN ETF

Global X Funds, a United States provider of exchange-traded funds (ETF), has launched the Global X FTSE ASEAN 40 ETF, the first such fund listed in the US to target the Association of Southeast Asian Nations (ASEAN).

ASEAN FMs inspect Kunming-Bangkok highway

World

ASEAN FMs inspect Kunming-Bangkok highway

Foreign Ministers from the Association of Southeast Asian Nations (ASEAN), their representatives and ASEAN Secretary-General Surin Pitsuwan inspected the Kunming-Bangkok highway on Jan. 24.

AEC Council operating successfully

Politics

AEC Council operating successfully

The ASEAN Economic Community recorded many successes in 2010, said Chairman of the ASEAN Economic Community (AEC) Council Vu Huy Hoang while reviewing the AEC’s operations this year.