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 31, 2011
Ambassador Andrey G. Kovtun (central) at a Hanoi press conference on December 28 The Russian ambassador to Vietnam said at a press briefing in Hanoi Wednesday that developing relations with Vietnam will be a priority in Russia’s diplomatic policies in Asia in the years to come. Ambassador Andrey G. Kovtun said 2011 was an [...]
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December 21, 2011
The financial crisis in Europe and resultant weaker consumption is posing a great danger to Vietnamese exporters, many of whom have been heavily dependent on the market. Truong Thi Le Khanh, general director of Vinh Hoan Corp., a seafood processor and trader, said shipments to the EU are now on a decline. As the [...]
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December 12, 2011
Rice exports from Vietnam, the second-largest shipper, reached a record level, boosting supply at a time when floods and government policies may reduce flows from Thailand, the largest exporter. Shipments totaled 6.84 million metric tons in the year through Dec. 8, the Vietnam Food Association said today. That’s more than the 6.75 million tons [...]
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November 18, 2011
While laws on money laundering prevention are necessary in Vietnam, a bill drafted by the State Bank of Vietnam failed to clearly define laundering activities, lawmakers said at the National Assembly on Tuesday. Do Van Duong from Ho Chi Minh City said the bill needs to clarify the types of money laundering, which range from investment into hotels [...]
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October 30, 2011
Foreign visitors examine Vietnamese wood products at an exhibition in Ho Chi Minh City. The demand for garments and woodwork is expected to fall as the global recession continues. Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits. Exporters worry that the development is expected [...]
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October 25, 2011
Vietnam’s rice export between January and October rose 8.5 percent from a year ago to an estimated 6.38 million tons, the government said on Tuesday. Rice export revenue in the first 10 months jumped 17.3 percent from the same period of 2010 to an estimated $3.22 billion, the government’s General Statistics Office said in [...]
Tags: export, million, Million tons, Rice Export, The government, Vietnam
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September 23, 2011
Vietnamese coffee exporters fear that they could lose the market to foreign companies who have ample money to stockpile the bean. They say although the business is set to generate a revenue of US$2.6 trillion for Vietnam this year, only foreign exports can claim a successful year. Le Duc Thong, general director of Dak [...]
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September 20, 2011
Labor export plans for the year have been thwarted by the narrowing of some major markets after escalated violence in Libya and by the increasing number of laborers decamping in South Korea. Vietnam may lose South Korea, one of its biggest labor export markets, due to the high number of laborers decamping in the [...]
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September 10, 2011
An aerial handout photograph from an unmanned airplane taken on March 20 shows the No. 3 reactor at Tokyo Electric Power Co.'s Fukushima Dai-Ichi nuclear power plant in Fukushima prefecture in Japan. Shaken to the core by the havoc wreaked by the tsunami in March, in particular the massive nuclear disaster it spawned, Japan is [...]
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