Trade deficit reaches 3.4 billion USD in seven months Business

Trade deficit reaches 3.4 billion USD in seven months

Vietnam's trade deficit was estimated to have reached 3.37 billion USD in the first seven months of 2015, 300 million USD more than 3.07 billion USD in the year’s first half, the General Statistics Office (GSO) reported on July 27 in Hanoi.
Economic growth faces three major challenges: minister Business

Economic growth faces three major challenges: minister

The Vietnamese economy is facing three major challenges, including a slump in agricultural growth, the Minister of Planning and Investment, Bui Quang Vinh, said after a meeting with the Interministerial Steering Committee on June 25.

The Ministries of Finance; Planning and Investment; and Industry and Trade, as well as the State Bank of Vietnam came together to discuss the management and governance of the economy in the second quarter of 2015.
Maize imports rise as rice exports fall Business

Maize imports rise as rice exports fall

Maize imports in the first five months of 2015 are on the rise but rice exports are on the decline, according to figures from the Ministry of Agriculture and Rural Development.
Garments, footwear on export high Business

Garments, footwear on export high

Textile and garment industries, as well as leather and footwear, recorded high growth in production and exports during the first five months of this year.
Vietnamese firms work hard to expand in Russia Business

Vietnamese firms work hard to expand in Russia

Two-way trade between Vietnam and Russia hit 2.6 billion SD in 2014, which, however, accounted for less than 1 percent of Vietnam's total import-export activity with the world, which stood at 298.2 billion USD.
Business

Ba Ria-Vung Tau pepper cultivation goes green

Trees producing the quintessential pepper spice cultivated in Ba Ria-Vung Tau have improved both in quality and yield, as announced at a workshop held in the southern province on February 11.
Business

Can Tho focuses on key industries

The Mekong Delta city of Can Tho plans to focus investment in the three key sectors of rice, seafood, and garments, which are also its biggest exporters.
Business

Cement consumption bounces back

The domestic consumption of cement in the first eight months bounced back to a sustainable status, which is being seen a relief for producers with surplus inventories.
Business

Cement industry eyes exports

Vietnam's cement production has surpassed domestic demand since 2012 because of declining consumption resulting from economic recession.
Business

Pilot programme helps increase agriculture connectivity

The State Bank of Vietnam, the Ministry of Agriculture and Rural Development and the Ministry of Science and Technology are considering cooperation on a pilot programme for financing connectivity models between businesses and farmers in order to promote high technology application in agricultural production and exports, the Vietnam Economic News reported on June 3.
Business

Ministry proposes ways to improve export competitiveness

According to the Agency of Foreign Trade under the Ministry of Industry and Trade, Vietnamese exports still show some limitations which must be surmounted for them to become more competitive. A report by the ministry's Vietnam Economic News.
Vietnam textile and garment exports soar in Q1 Business

Vietnam textile and garment exports soar in Q1

A positive forecast for the garment and textile industry has gradually become a reality. In the first three months of this year, the industry recorded impressive growths in terms of production and exports, creating good impetus for the next quarter, according to the Vietnam Economic News.