January 3, 2012
Vietnam’s trade deficit narrowed sharply to $9.5 billion in 2011, the lowest level in a decade, government estimates showed Wednesday, though concerns over the country’s economic stability remain. Exports rose 33.3 percent year-on-year to $96.2 billion, while imports were up 24.7 percent to $105.7 billion, the General Statistics Office (GSO) said in a preliminary [...]
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January 2, 2012
Vietnam will find it difficult to sustain into the new year the trade deficit reduction that it managed in 2011, given that it plans to reduce import tariffs on many products and that the ongoing global recession could hurt its exports, experts say. Vietnam’s trade deficit narrowed to US$9.5 billion from $12.4 billion in [...]
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December 30, 2011
Vietnam may need to import US$2.5-billion worth of gold in 2012 Vietnam’s trade deficit could grow again in 2012 after falling 25 percent this year to US$9.5 billion, the trade minister said, adding that the government will continue to tighten control over gold imports. The trade gap narrowed this year after exports surged 33 percent from 2010, [...]
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December 26, 2011
Vietnam may need to import US$2.5-billion worth of gold in 2012 Vietnam’s trade deficit could grow again in 2012 after falling 25 percent this year to US$9.5 billion, the trade minister said, adding that the government will continue to tighten control over gold imports. The trade gap narrowed this year after exports surged 33 percent from 2010, [...]
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November 24, 2011
Vietnam’s trade deficit narrowed to $700 million in November from a revised $750 million last month, according to preliminary figures released by the General Statistics Office in Hanoi Thursday. For the 11 months through November, the deficit was $8.9 billion. Exports rose to $8.6 billion in November from $8.39 billion in October. For the [...]
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November 24, 2011
The supercommittee's failure will trigger automatic cuts in the defence budget and domestic spending. Photograph: J Scott Applewhite/AP It took a fictional jury of “12 Angry Men” 96 minutes to agree on a verdict of not guilty. It took “12 good people,” as supercommittee co-chairman Jeb Hensarling referred to them, three months and countless hours [...]
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November 9, 2011
Vietnamese lawmakers backed a plan that aims for annual economic growth of as much as 7 percent through 2015 and seeks to quell Asia’s highest inflation. The National Assembly approved an objective of 6.5 percent to 7 percent annual economic expansion from 2011 to 2015 and a goal of reducing inflation to 5 percent [...]
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October 21, 2011
Vietnam will target average annual gross domestic product (GDP) growth of 6.5 percent to 7 percent in the 2011 to 2015 period, the National Assembly said in a document handed to reporters in Hanoi on Wednesday. The nation also aims to reduce its budget deficit to below 4.5 percent of GDP by 2015, and [...]
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October 20, 2011
 Vietnam expects its trade deficit to widen to as much as $12.8 billion next year, government estimates showed today. The dong fell. The shortfall may reach $12.4 billion to $12.8 billion, or about 11.5 percent to 12 percent of total exports, the government said in a report released to reporters in Hanoi Thursday. The [...]
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October 8, 2011
Vietnam’s central bank increased its refinancing rate for the first time since May, as the nation tries to steady its currency and tame Asia’s fastest inflation. The State Bank of Vietnam raised the refinancing rate to 15 percent from 14 percent, effective Oct. 10, it said in a statement on its website Thursday. The [...]
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