Trade deficit likely to reach five percent by 2015
11:27 | 13/11/2014 Trade
(VEN) - At the October press conference held recently in Hanoi, Deputy Minister of Industry and Trade Do Thang Hai said that Vietnam would likely record a trade deficit of five percent by 2015, an increase of US$6-8 billion or five percent against export revenue.
Increasing exports to the US
08:02 | 13/11/2014 Trade
(VEN) - A recent Ministry of Industry of Trade report showed that key Vietnamese exports such as textiles and garments, seafood and footwear continued to attract US importers. The US continued to take the lead among Vietnam’s major export markets such as the EU, Japan, Association of South East Asian Nations (ASEAN) countries and China.
Getting near to annual export targets
09:11 | 12/11/2014 Trade
(VEN) - In October, the index of industrial production (IIP) increased by 4.6 percent compared with September, significantly contributing to consecutive growth of this index in the first 10 months. In the same period, the export value strongly increased with the 10-month trade surplus reaching US$1.9 billion. These results are expected to help the industry and trade sector achieve its 2014 growth targets ahead of schedule.
Industry and trade sector to complete targets
08:06 | 11/11/2014 Trade
(VEN) - Deputy Minister of Industry and Trade Nguyen Cam Tu said, “In the remaining months of this year, the industry and trade sector will continue implementing Governmental Resolution 01, promoting business and production activities and completing set targets. The whole industry needs to be strictly controlled to avoid a shortage of goods during the upcoming holidays.”
Textile, garment exports up 19.3 percent
15:26 | 10/11/2014 Trade
(VEN) - Statistics from the Ministry of Industry and Trade showed that textile and garment exports reached US$17.62 billion in the first 10 months of this year, an increase of 19.3 percent from a year ago. Fiber exports came to US$2.1 billion, a 19.1 percent increase.
Hapro accompanies Vietnamese goods
08:11 | 10/11/2014 Trade
(VEN) - To bring success to the Buy Vietnamese Goods campaign, apart from participation of producers, the companion of distribution businesses was also important as this was the bridge that brought goods to consumers. The Hanoi Trade Corporation (Hapro) was one of the businesses that well acted that role.
Fertilizer production increases stably in 10 months
10:27 | 08/11/2014 Trade
(VEN) - According to the Ministry of Industry and Trade, domestic production of various fertilizers increased in the first 10 months of this year. Specifically, urea fertilizer output reached 1,816,700 tonnes, an increase of eight percent from a year ago, and NPK fertilizer 2,006,800 tonnes, an increase of 0.1 percent. The Vietnam National Chemical Group in particular produced 454,300 tonnes of urea fertilizer, an increase of 22.3 percent, 1,501,000 tonnes of NPK fertilizer, an increase of 0.8 percent, and 225,300 tonnes of DAP fertilizer, an increase of 22.5 percent.
Vinatex develops domestic market
15:13 | 07/11/2014 Trade
(VEN) - The Vietnam National Textile and Garment Group (Vinatex) said that for the last five years, the Buy Vietnamese Goods campaign had helped the domestic textile and garment sector make the most of its advantages to develop products and win the trust of more consumers in the domestic market. Increasing investment in the domestic market is one of the group’s major orientations for the time to come.
Farmers gain initiatives in regulating prices
09:27 | 07/11/2014 Trade
(VEN) - Vietnam’s pepper sector has strengthened its position in the global market as it has been the world’s leading pepper exporter for 14 consecutive years. In the domestic market, pepper has also been the only product of which prices are regulated by farmers.
Agricultural exports grow
10:19 | 06/11/2014 Trade
(VEN) - In the first 10 months of 2014, the export value of agricultural, forest and seafood products reached US$25.39 billion, a rise of 11.2 percent compared with the same period last year. Specifically, the export value of major agricultural products reached an estimated US$12.25 billion, up 11.5 percent; seafood exports US$6.48 billion, up 19.9 percent.