Tag: "trade deficit"

Vietnam strives to narrow trade deficit with Thailand

Vietnam strives to narrow trade deficit with Thailand

Improving the quality of domestically-produced goods is critical for Vietnam to compete with imported products from and narrow the trade deficit with Thailand, according to the Ministry of Industry and Trade (MoIT).

Cut red tape costs, PM urges

Cut red tape costs, PM urges

Prime Minister Nguyen Xuan Phuc has asked all ministries, departments and provinces to promote growth by easing the hurdles that businesses face and by helping cut down their bureaucratic expenses.

Trade deficit with Thailand does not harm the economy

Trade deficit with Thailand does not harm the economy

VOV.VN - At a recent forum in Hanoi, the country’s top economic experts gathered to exchange views on the goal of trade policy to reduce or eliminate the trade deficit with Thailand, reported the Vietnam Investment Review.

More imports from ROK : experts

More imports from ROK : experts

Imports from the Republic of Korea (ROK) have been increasing rapidly since the Vietnam-ROK FTA took effect in late 2015, as Vietnam’s largest trade deficit is now with the ROK, not China.

Vietnam Jan-July trade deficit hits US$3.08b

Vietnam Jan-July trade deficit hits US$3.08b

Vietnam’s trade deficit was estimated at US$3.08 billion in the first seven months of this year, US$380 million more than US$2.7 billion in the first half, according to the latest data released by the General Statistics Office (GSO).

Experts deny worries over trade deficit towards ROK

Experts deny worries over trade deficit towards ROK

Some experts have raised concerns over the Republic of Korea (ROK) surpassing China in trade deficit, to become Vietnam’s biggest import market, however, others claimed these worries unfounded and considered it normal as Vietnam is integrating into the world economy.

Vietnam warned of increasing dependence on foreign capital

Vietnam warned of increasing dependence on foreign capital

Indexes for 2017 second quarter reflected Vietnam’s increasing dependence on foreign direct investment (FDI), said the Vietnam Institute for Economic and Policy Research (VEPR) in its recent report on the performance of the economy in the quarter.

Hanoi moves to tackle widening trade deficit

Hanoi moves to tackle widening trade deficit

The capital city of Hanoi has carried out trade promotion plans targeting both traditional and new foreign markets in order to tackle its widening trade deficit, which exceeded the national average in the first five months of this year.

Ministry makes efforts to reduce trade deficit

Ministry makes efforts to reduce trade deficit

The Ministry of Industry and Trade (MoIT) plans to tighten control on goods whose imports are discouraged and facilitate local manufacturing to reduce the country’s trade deficit.

President Trump calls for balanced US seafood trade

President Trump calls for balanced US seafood trade

VOV.VN - US President Donald Trump has declared June 2017 to be National Ocean Month during a speech in which he promised to bolster global exports of his country’s seafood industry to rebalance trade.

Vietnam enjoys strong export growth

Vietnam enjoys strong export growth

Vietnam exported US$16.7 billion worth of goods in April, raising the total export turnover in four months to US$61.3 billion, a year-on-year increase of 15.4 percent, according to the General Statistics Office.

Imports from China on the rise

Imports from China on the rise

VOV.VN - In the first quarter of this year, imports from China jumped by 18.9% to nearly US$12.7 billion against the same period last year, making up 27.3% of the country’s total imports, according to preliminary statistics from the General Department of Vietnam Customs.

MoIT: Production improves, trade unbalanced

MoIT: Production improves, trade unbalanced

Production and business results improved in the first two months of this year, but trade was unbalanced with strong growth in auto and mobile phone imports, the Ministry of Industry and Trade reported.