Vietnam is likely to miss an export growth target of 10% that the National Assembly set for 2016, official data has suggested.
Vietnam is unlikely to meet the 10 % export growth target for this year, said Minister of Industry and Trade, Tran Tuan Anh.
The country’s total export turnover in the first seven months of the year was US$96.83 billion, representing an annual increase of 5.3%, said Duong Duy Hung, Director of the Ministry of Industry and Trade’s Planning Department.
Prime Minister Nguyen Xuan Phuc asked the Ministry of Industry and Trade to achieve a 10% export growth this year, during a conference reviewing the sector’s six-month activities on July 12.
The country generated more than US$67.7 billion from exports in the first five months of this year, surging 6.6% against the same period last year, according to the General Statistics Office (GSO).
Vietnam, the second-smallest economy among the TPP member countries after Brunei, is set to be a major beneficiary as the agreement will increase investment in its manufacturing sector, deepen the supply chain, and accelerate export growth.
Vietnam spent over US$1 billion importing unprocessed seafood to turn out products for export last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam targets 10% export growth in 2016, said Deputy Minister of Industry and Trade Tran Tuan Anh during a teleconference on December 31.
The formation of an ASEAN Economic Community (AEC) by the end of this year caught interests from business executives participating in the Vietnam CEO Forum 2015, organised in Ho Chi Minh City on September 24.
A lot needs to be done between now and the end of the year to meet the export growth target of 10%, the Ministry of Industry and Trade (MoIT) has said.
Vietnam’s exports to the United Arab Emirates (UAE) hit US$3.463 billion in the first seven months of this year, up 23.37% year on year, reported Nhan dan (People) daily.
(VOV) - Rice exports to Turkey continue to dip sharply while vegetable and fruit exports to the market jump high, according to the Vietnam Trade Office (VTO) in Turkey.
(VOV) - Vietnam’s telephone and component exports in the five months leading up to June jumped 18.5% on-year to US$11.8 billion, according to latest statistics from the General Department of Vietnam Customs.
The 25th Vietnam Expo 2015 kicked off on April 15 in Hanoi as witnessed by Deputy Prime Minister Hoang Trung Hai and representatives from the Ministry of Trade and Industry.
(VOV) -Vietnam has been highly successful at mobilizing inward foreign direct investment (FDI) over the past few years, which has played an important role in the nation’s economic development.
Ensuring food safety and security as well as higher-quality products would enhance the sustainable development of Vietnam's agricultural sector, attendees said on October 15 at a EuroCham seminar that discussed the status of the industry.
(VOV) - Trade between Vietnam and Austria has been rapidly expanding over recent years, largely as a result of improved market analysis and research efforts targeting specific market segments, helping raise competitiveness and profitability.
(VOV) - Diversifying markets overseas is an effective way to sustain Vietnam’s export growth and strike its trade balance with China, experts said in Hanoi on June 3.
(VOV) - The southern province of Dong Nai is implementing a variety of measures to support productivity and market expansion into the US, aiming to raise overall export growth by 10-11% in 2014.
(VOV) - Trade counselors predict Vietnamese goods will have more chances to expand their reach into Latin American, Japanese, EU, and US markets in 2014.