Business

Trade deficit surges in first five months

The trade deficit in the first five months of the year surged sharply to 622 million USD, roughly 3.5 times higher than that of the first four months, the General Statistics Office (GSO) reported.
Business

Vietnam, Algeria discuss extending trade links

Vietnam ’s Ambassador to Algeria , Do Trong Cuong, and Vietnam ’s Trade Counsellor Nguyen Van Mui, have held a meeting with the Chamber of Commerce and Industry from the Algerian region of Constantine (CCIC) to boost trade and labour cooperation.
Business

Saigon Tex promotes VN’s garments and textiles

Nearly 300 businesses from 18 countries and territories are showcasing their products and services at the 22 nd International Fair on “Garments and Textiles Equipment and Accessories” (Saigon Tex 2012) which opened in Ho Chi Minh City on April 11.
Business

Export revenues rise by 23.6 percent in Q1

Vietnam earned 24.5 billion USD from exports in the first quarter of this year despite the adverse impacts of the global market, recording a year-on-year increase of 23.6 percent.
Business

Trade deficit hits 250mln USD in Q1

The country was estimated to face a trade deficit of 150 million USD in March, lifting the total figure in the first quarter to 250.9 million USD, the General Statistics Office (GSO) reported.

The trade deficit in the first three months was equal to 1.02 percent of the country's export revenue in the period.

The GSO revealed that with March's export turnover of 9.15 billion USD, the country's total export value in the first quarter increased 23.6 percent over the same period last year to 24.5 billion USD.
TPP talks to be hammered out this year Business

TPP talks to be hammered out this year

Negotiations over the Trans-Pacific Partnership (TPP) are likely to be completed this year if all the concerned parties remain committed and flexible, said Deputy Trade Minister Tran Quoc Khanh.
Business

Retail sales decline 2.5 percent in February

The value of retail sales and services dropped by 2.5 percent last month compared to January to 186.463 trillion VND (8.8 billion USD), announced the General Statistics Office (GSO).
Business

HCM City steps up trade promotions

The Investment and Trade Promotions Centre (ITPC) in HCM City has announced this year’s export promotion campaigns in the seven key markets of the US, Europe, Japan, Cambodia, Myanmar, China and Laos.
Business

Vietnam trade deficit hits 800m USD

With rising export value expected at 9 billion USD in February, Vietnam 's trade balance is likely to fall into deficit, according to the General Statistics Office.
Business

HCM City aims for more exports

Export restructuring will continue in HCM City until 2015, with an emphasis on more service exports, according to officials speaking at a seminar held in HCM City on Jan. 6.

Huynh Khanh Hiep, Deputy Director of the city's Department of Industry and Trade, said by the end of 2020, the city aims to have service exports to be 60 percent of total export turnover.

The city targets an average export growth of 17 percent per year in the 2011-15 period, with total export turnover by the end of 2015 of more than 100 billion USD (excluding crude oil).
Business

HCM City aims for more exports

Export restructuring will continue in HCM City until 2015, with an emphasis on more service exports, according to officials speaking at a seminar held in HCM City on Jan. 6.
Business

Vietnam expects higher export of major products

After significant export growth of 33.3 percent in 2011, Vietnam expects this year to attain further growth for its major products, including textiles and garments, leather and footwear, wood products and seafood.
Business

Exports hit record 94.8 billion USD

Vietnam had export turnover of 94.8 billion USD as of December 25, a record-high and an increase of 35 percent over last year, according to Vietnam Customs.

Meanwhile, import value reached105.2 billion USD, leaving the trade gap standing at nearly 11 percent, the lowest figure since 2002.
Business

Trade deficit 9.5bln USD, lowest in 10 year

Vietnam 's trade deficit this year was the lowest in the past 10 years, reaching just over 9.5 billion USD, a year-on-year decrease of nearly 23 percent and equivalent to 9.9 percent of the total export value – half of the Government's target of 18 percent for the whole financial year, the General Statistics Office (GSO) reported.

Exports were valued at nearly 96.26 billion USD this year, a year-on-year increase of 33.3 percent – the highest level since 1995 and tripling the National Assembly's target of 10 percent.
Business

Intergration boosts domestic firms

The country’s integration into the World Trade Organisation has positively influenced a majority of domestic enterprises, according to a Vietnam Chamber of Commerce and Industry survey.
Business

HCM City to host 9th international trade fair this week

Nearly 400 domestic and foreign enterprises will showcase a wide range of products and services at the 9th Vietnam International Trade Fair in HCM City, held from 30 November to 3 December at the Sai Gon Exhibition&Convention Centre in District 7.
Business

VN to open trade doors in SE Asia for Kazakhstan

Vietnam Government is willing to create the most favourable conditions for Kazakh enterprises to do business in the country, Deputy Prime Minister Vu Van Ninh told a business conference in Hanoi on Dec. 31.
Holiday shoppers boost sales Business

Holiday shoppers boost sales

The month of September, designated a special promotional sales period, has begun very well with customers flocking in the thousands to supermarkets, trade centres and fairs in Ho Chi Minh City.