Import/Export

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 …

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, …

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 …

Vietnam’s total export turnover in the first eight months of 2011 reached an estimated USD 60.8 billion, a year-on-year increase of 33.7 percent, reported the General Statistics Office. Export turnover for the domestic economic sector was posted at USD 28.1 billion, representing 46.2 percent of that of the country and …

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 …

The Vietnamese logistics market is being dominated by foreign service providers, because most of the 1000 Vietnamese operational logistics companies are small and weak. However, analysts hope the situation will be improved thanks to the hand-shaking deals between the companies and banks. At an annual conference of WCA Family of …

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 …

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 …

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 …

Many importers of fast-consuming goods like cosmetics, liquor, mobile phones and cars under nine seats are blasting the new import restriction policy which took effect last Wednesday and left them no time to prepare. According to the Decision No. 197/TB-BCT of the Ministry of Industry and Trade issued on May …