Tag: "trade deficit"

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.

January records trade deficit

January records trade deficit

Vietnam ran a trade deficit of US$100 million in January, after enjoying a trade surplus of billions of dollars in 2016.

Industry-trade ministry to focus on four targets

Industry-trade ministry to focus on four targets

The Ministry of Industry and Trade has set four targets to help the country’s gross domestic product (GDP) expand by 6.7% in 2017, Minister Tran Tuan Anh said at a conference in Hanoi on January 6.

Controversial steel project creeps into draft zoning plan

Controversial steel project creeps into draft zoning plan

Hoa Sen Group’s steel project in Ca Na, Thuan Nam District, Ninh Thuan Province has been put in a draft zoning plan for Vietnam’s steel sector until 2025 with a vision towards 2035 even though it has sparked strong public criticisms.

Vietnam says dependence on Chinese imports shrinks

Vietnam says dependence on Chinese imports shrinks

Efforts to decrease the trade deficit with China is an important policy and one of the Ministry of Industry and Trade (MoIT)’s chief concerns, in addition to increasing exports to this market, says Industry and Trade Deputy Minister Do Thang Hai.

Vietnam emerges China’s largest Southeast Asian trade partner

Vietnam emerges China’s largest Southeast Asian trade partner

VOV.VN - The six-day visit by Prime Minister Nguyen Xuan Phuc to China last month, his first since taking office in April, has raised new hope that the two neighbours will take corrective action to redress the balance of trade deficit.