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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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Importers decry restriction policy

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 …

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Vietnam bites into rice market

More of the world’s demanding markets are offering to buy Vietnamese rice, but it is not simple for the product to enter these markets. According to Vietnam’s commercial counselor in South Korea Le An Hai, in 2011 South Korea would import 347,658 tonnes of rice. To carve their names into …

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VN needs Dutch port, coastal experience

Vietnam needs cooperation and experience from marine powers in the world, especially the Netherlands and the seaport city of Rotterdam , said Deputy Prime Minister Hoang Trung Hai. Deputy PM Hai made the statement at a seminar in Hanoi on Mar. 29 on the Rotterdam seaport model – a potential …

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Vietnam to complete Mekong Delta rice storage system soon

Prime Minister Nguyen Tan Dung has requested the Hau Giang provincial People’s Committee to establish a rice storage system as soon as possible by eliminating any current obstacles. He told the local authorities to instruct relevant agencies to reach an agreement with the Vietnam Southern Food Corporation (Vinafood 2) on …

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