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.
Investment promoted in VN and Laos’ trade zones Business

Investment promoted in VN and Laos’ trade zones

More than 80 Vietnamese and Lao investors and businesses have attended a conference to promote investment in the Lao Bao special economic-commerical zone of Vietnam and the Densavan border trade zone of Laos.
Vietnam leads FDI in Vientiane Business

Vietnam leads FDI in Vientiane

Vietnam led other foreign investors in the Laos capital city of Vientiane during the 2006-2010 period with more than 1.5 billion USD in 162 projects.

Fuel import taxes, duties reduced

Fuel import taxes and duties will be reduced from next year to support petroleum enterprises which have not been able to increase prices despite global increases.

US increases taxes on Vietnamese shrimps

The US Department of Commerce (DoC) has announced final results of the fourth administrative review on Vietnamese shrimps exported to the US , which was conducted from February 1, 2008 to January 31, 2009.

Tax cut on Vietnamese garments exports to Japan

Vietnam ’s garments and textiles exports to Japan will be subject to zero percent import duties from October 1, which has raised estimates of the years earnings to 1 billion USD, up 20 percent from last year.

ASEAN economic ministers meet on common market

Economic ministers and officials from ten member countries of the Association of Southeast Asian Nations (ASEAN) are meeting in Bangkok, Thailand, to discuss the formation of a common market.