Tags: trade deficit

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.

PM directs maintaining macro-economic stability

PM directs maintaining macro-economic stability

Prime Minister Nguyen Tan Dung has offered a number of specific instructions after being updated on the positive socio-economic performance during January-August, asking to continue maintaining firmly macro-economic stability.

Vietnam's trade deficit: A signal of strength

Vietnam's trade deficit: A signal of strength

(VOV) - The nation’s trade deficit grew by more than US$3.07 billion in the six months leading up to July 2015— a further vindication of the nation’s improving economy, reports the General Department of Vietnam Customs.

Exports hike up 9.3% annually in first half

Exports hike up 9.3% annually in first half

Vietnam exported US$77.7 billion worth of commodities during the first half of 2015, a year-on-year increase of 9.3%, the General Statistics Office estimated.

Vietnam urged to tap China trade, investment

Vietnam urged to tap China trade, investment

China is expected to import more than US$10 trillion in goods and services and invest US$500 billion abroad in the next five years, offering opportunities for Vietnam and other countries in the Asia-Pacific region.

Trade deficit recorded during first five months of 2015

Trade deficit recorded during first five months of 2015

Vietnam recorded a trade deficit of more than US$3 billion, despite an increase in exports, in the first five months of 2015, according to the most recent statistics released by the Vietnam Customs agency.

Steel businesses strive to compete in integration process

Steel businesses strive to compete in integration process

(VOV) - Soon after Vietnam signed a free trade agreement with the Eurasian Economic Union EEU, domestic steel businesses are likely to compete fiercely with foreign rivals, especially those from Russia and the Commonwealth of Independent States which are enjoying zero duties.

Exports to China surge 10% per year

Exports to China surge 10% per year

(VOV) - Vietnam’s exports to China rises by 10% per year, however, the country’s trade deficit with China remains large.