Tags: trade deficit

Vietnam’s trade deficit with Thailand to balloon

Vietnam’s trade deficit with Thailand to balloon

Vietnam-Thailand trade is likely to hit US$20 billion in 2020, but the target to keep the trade value in balance may not be met with Vietnam currently running huge trade deficit with the neighbouring country.

Outcomes of FDI-reliant economy

Outcomes of FDI-reliant economy

Vietnam’s economy has the highest ratio of exports against the gross domestic product (GDP) in the world.

Vietnam works to bolster exports to China

Vietnam works to bolster exports to China

Reform of administrative procedures to facilitate origin certification granting, customs procedures and related process is recommended by experts in order to increase export to China, a potential market with considerable risks.

Vietnam’s widened trade deficit with RoK: no worries

Vietnam’s widened trade deficit with RoK: no worries

Vietnam has witnessed continued growth in its trade deficit with the Republic of Korea (RoK), due to the latter boosting its investment and exports to the former in a bid to cash in on tax cuts under trade pacts.

China outstrips US to become Vietnam’s largest export market

China outstrips US to become Vietnam’s largest export market

VOV.VN - China has become Vietnam’s biggest export market after the country’s total export turnover to China in January surged to US$3.708 billion, a 106% rise or US$1.912 billion over the same period last year, according to the General Department of Vietnam Customs.

Vietnam runs US$5.9 billion trade deficit with SEA region

Vietnam runs US$5.9 billion trade deficit with SEA region

VOV.VN - The value of trade between Vietnam and the Southeast Asia region increased 18.8% to US$49.4 billion last year, of which exports accounted for US$21.7 billion (up 10.4%) and imports US$27.7 billion, up 14.9% on the previous year.

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.