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Import/Export

City wants to expand dredging of Soai Rap River

HCMC – The HCMC government has asked the Ministry of Transport to allow port operators at Hiep Phuoc Industrial Park to dredge four more kilometers of Soai Rap River using their own money to attract larger vessels. In its recent written document sent to the ministry, the city government said …

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Hiep Phuoc to be turned into port zone

HCM City will take measures to turn the Hiep Phuoc Industrial Park in Nha Be District into a port-based special economic zone, city authorities have said On Saturday, the chairman of HCM City People’s Committee, Le Hoang Quan, said he had asked the IP’s management board and responsible agencies to …

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Vietnam and Philippines: Good Partners in Many Fields

35 years after Vietnam and the Philippines established diplomatic ties, the bilateral relations have thrived in most areas like politics, economy, trade and investment, science, technology, agriculture and fisheries. Commercially, the two-way trade has increased steadily year after year, from US$541 million in 2000 to around US$2.2 billion in 2008, …

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Exporters to sharpen Mideast, Africa focus

The recent economic crisis has proved that domestic businesses should not depend solely on traditional markets like the EU, US and Japan, and should expand investment and business activities into the Middle Eastern and African markets so as to disperse the risk, a senior official said on September 20. Bui …

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Businesses seek ways to boost exports to the Philippines

The Investment and Trade Promotion Centre in HCM City has conducted a fact-finding tour of the Philippines with a population of 92 million to boost exports to this potential market. During the tour, the Saigon Agriculture Corporation signed two rice export contracts worth US$6 million and Hoang Anh Gia Lai …

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Vietnam sees 2011 trade gap at $14-14.5 bln

Vietnam’s trade deficit this year will widen to between US$14 billion and $14.5 billion, up more than 10 percent from 2010, despite stronger-than-expected growth in export revenues, the government said. Exports would jump 17-18.4 percent from last year to between $84.5 billion and $85.5 billion, following strong growth in the …

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Vietnam first-half trade deficit $6.65 bln

Vietnam’s trade deficit reached $6.65 billion for the first half, official estimates showed Monday, below the government’s target but pointing to continuing problems in the economy, analysts said. Imports in the first six months reached an estimated $48.98 billion, up 25.8 percent year-on-year, while the value of exports is expected …

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EU, Vietnam strategic partners

Jean-Jacques Bouflet, Minister-Counsellor and Head of the Economic and Trade Committee of the EU Delegation to Vietnam stated that the European Union (EU) was a strong strategic partner of Vietnam in all fields from trade, investments to politics and culture. EU is also the second largest foreign market for Vietnam …

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