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MoIT presses to trim import dependence on China

MoIT presses to trim import dependence on China

VOV.VN - In 2015, the Vietnam trade deficit with China hit an all-time record high of US$32.3 billion and the effect on the nation’s economy has not been beneficial, says the Ministry of Industry and Trade (MoIT).

Vietnam’s trade deficit with ASEAN picks up since 2013

Vietnam’s trade deficit with ASEAN picks up since 2013

The deficit Vietnam runs with its Southeast Asian neighbors is going up as what the country has earned from exports are eclipsed by what it has paid for imports, according to newly released statistics from the General Department of Vietnam Customs.

Export expected to grow 10% in 2016

Export expected to grow 10% in 2016

Vietnam targets 10% export growth in 2016, said Deputy Minister of Industry and Trade Tran Tuan Anh during a teleconference on December 31.

Export sees lowest increase in five years

Export sees lowest increase in five years

Vietnam’s export turnover in 2015 is estimated at US$162.4 billion, representing a year-on-year increase of 8.1%, the lowest pace over the past five years.

Vietnam trade gap with China hits historic high

Vietnam trade gap with China hits historic high

(VOV) - Vietnamese bought record amounts of goods from China in 2015, pushing the trade gap to a historic high, according to the latest statistics from the General Statistics Office (GSO).

The ghost of the trade deficit returns

The ghost of the trade deficit returns

The Ministry of Industry and Trade (MOIT) has estimated that the trade deficit may be as high as US$4 billion in 2015. Meanwhile, the Hong Kong and Shanghai Banking Corporation (HSBC) has predicted the figure would be higher than US$6 billion, far outstripping last year’s US$0.6 billion.

Vietnam trade deficit widens as export growth weakens

Vietnam trade deficit widens as export growth weakens

(VOV) - Sagging export growth spurred a wider-than-forecast trade deficit of US$4.0 billion during the eleven months leading up to December, according to a recent report released by the General Statistics Office (GSO).

Trade deficit hits US$3.86 billion

Trade deficit hits US$3.86 billion

Vietnam recorded a trade deficit of US$270 million in the first half of November, bringing the total number since the beginning of this year to US$3.86 billion.

NA sets 6.7% GDP growth target for 2016

NA sets 6.7% GDP growth target for 2016

The National Assembly approved a resolution on the socio-economic development plan for 2016, which sets the goal of a 6.7% increase in gross domestic product (GDP), on November 10.

Trade deficit hits US$4.1b through Oct

Trade deficit hits US$4.1b through Oct

Vietnam's trade deficit through the end of October this year, increased to US$4.1 billion from US$3.9 billion in the first nine months, according to the General Statistics Office (GSO).

Vietnam-RoK trade deficit widens by US$12.2 billion

Vietnam-RoK trade deficit widens by US$12.2 billion

(VOV) - The Vietnam trade deficit with the Republic of Korea (RoK) jumped sharply in the eight months leading up to September, according to the Trade Promotion Department under the Ministry of Industry and Trade (MoIT).

China, Vietnam aim for US$100 billion in bilateral trade by 2017

China, Vietnam aim for US$100 billion in bilateral trade by 2017

(VOV) - A score of measures were discussed at the 9th meeting of the Vietnam-China Economic and Trade Cooperation Committee held in Beijing on October 20 aiming to elevate bilateral trade volume to US$100 billion by 2017 and gradually resolve trade deficit from China.

Trade deficit hits nearly US$4 billion in 9 months

Trade deficit hits nearly US$4 billion in 9 months

(VOV) - In the first 9 months of this year, the country’s exports rose by nearly 10% to nearly US$120.7 billion while imports jumped by 16% to US$124.6 billion, pushing the trade deficit up to around US$3.9 billion.

HCM City beefs up supply chain planning

HCM City beefs up supply chain planning

(VOV) - Local manufacturers have continued to struggle to find a toehold in the global supply chain as lacklustre economic statistics paint a picture that most lack even nominal capacity to compete in the international marketplace.

Vietnam trade deficit raises alarm over GNP

Vietnam trade deficit raises alarm over GNP

(VOV) - Vietnam’s trade deficit continued to broaden in the eight months leading up to September, adding to growing concerns over weakening domestic demand for home-grown goods and services.