VOV.VN - Vietnam achieved a trade surplus of nearly US$4 billion in the first quarter despite the novel coronavirus pandemic (COVID-19) taking its toll on the global economy, according to the General Department of Vietnam Customs.
Minister of Industry and Trade Tran Tuan Anh said on March 20 that EU and US authorities have yet to limit the import of garment products from Vietnam.
Vietnam posted an estimated trade deficit of US$100 million in January this year, said the General Statistics Office in a report on the country’s socio-economic performance.
VOV.VN - Vietnam enjoyed a trade surplus of close to US$11 billion during the first 11 months of the year, with roughly US$1.45 billion being recorded during November, according to the latest statistics released by the General Department of Vietnam Customs.
VOV.VN - The total amount of foreign direct investment (FDI) capital invested into the country’s textile, dyeing, and garment industry has reached more than US$19 billion across 1,383 projects during the three decades, according to the Vietnam Textile and Apparel Association.
Vietnam posted a total export value of 194.3 billion USD in the first nine months of this year. Of the export staples, five commodities registered an export value of over 10 billion USD.
VOV.VN - Vietnam’s garment and textile sector has been suffering huge losses since late 2018 as a result of the fallout from the US-China trade war, according to a report released by the Ministry of Industry and Trade.
Five commodities with export value of over 10 billion USD
If Vietnam doesn’t have a reasonable policy on using capital from FDI, it will have to pay a heavy price for it, experts say.
Local garment producers have so far received less order than 2018 and the shortage of orders is becoming more common, heard a press conference held by the Vietnam Textile and Apparel Association (VITAS) in Hanoi on July 19.
The Vietnam Textile and Apparel Association (Vinatex) has reported that total export earnings of the garment and textile sector in the first quarter reached nearly 8.7 billion USD, up 11.31 percent over the same period last year.
VOV.VN - Vietnam’s exports rose by 14.2% to US$200.27 billion in the first 10 months of this year, of which the domestic sector made up US$56.82 billion (up 16.8%) and the foreign direct investment (FDI) sector, including crude oil, accounted for US$143.45 billion (up 13.2%).
VOV.VN - The US remained the largest export market of Vietnam with a value of US$35.02 billion during the first nine months of this year, a year-on-year rise of 13.2%, according to the General Department of Vietnam Customs.
VOV.VN - Twenty one Vietnamese businesses are displaying their products at the sixth India International Silk Fair which opened in New Delhi on October 16.
Vietnam pocketed US$32.1 million from exporting ceramic products to Argentina in August, up 2.4% against that of July, according to statistics of the Vietnam Customs.
VOV.VN - Nearly 120 exhibitors from 12 countries and territories are showcasing their products at the Hanoi Textile and Garment Industry Expo (HANOITEX) which opened at the International Centre for Exhibition on Tran Hung Dao Street, Hanoi on September 19.
President Tran Dai Quang and his wife left Hanoi on August 23 morning for a State visit to Ethiopia from August 23-25 at the invitation of Ethiopian President Mulatu Teshome.
Vietnam’s textile and garment industry is doing well abroad, but struggling at home, according experts.
VOV.VN - Process manufacturing products played an important role in boosting the country’s exports over the first seven months of the year. Following are the top ten export products to July 2018.
Textile and clothing exports to the US might touch $13.8-13.9 billion this year, and experts assume the sector would see more import orders shifted to Vietnam due to the implications of the US-China trade war.