January 3, 2012
A street vendor walks past a Chanel SA store inside the Rex Hotel in downtown Ho Chi Minh City, Vietnam, on Tuesday, Dec. 27, 2011. Vietnam’s growth held near 6 percent this quarter, reducing the pressure for further monetary tightening after higher interest rates limited the boost to the economy from exports and domestic consumption. [...]
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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 [...]
Tags: billion, Country, deficit, exports, Exports Rose, goods, Government, inflation, percent, Percent year, The country, The Trade, The Trade Deficit, trade, Trade deficit, Vietnam
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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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December 20, 2011
The Ministry of Public Security’s economic crime department (C46B) on Monday confiscated US$500,000 and more than VND10 billion ($476,190) in an illegal foreign exchange trade busted last month in Ho Chi Minh City. In its report on Tuesday, Tuoi Tre quoted C46B as saying that the money will be submitted to the state budget, while [...]
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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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October 8, 2011
A man sells petrol at a station outside Hanoi on September 22. The Finance Ministry has sent out inspection teams to look into oil product prices of Petrolimex, PV Oil and two other distributors. The losses or profits fuel importers make are not clearly accounted for and people are unhappy about this. If the accounting [...]
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August 8, 2011
Local exporters will have to cope with more non-tax trade barriers while other countries try to limit imports and protect production as the global economic recession continues. Deputy Minister of Industry and Trade Le Danh Vinh said trade remedies would be diverse and nuanced as importers impose more barriers relating to quality standards, export [...]
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July 30, 2011
NGOs can provide information if authorities are brave and willing to take action against well-known criminals An Indochinese tiger, Mi, carries a cub at the Hanoi Zoo. Experts say Vietnam continues to be a regional hub for illegal trade in tiger parts, pushing the creature close to extinction. Ten days before the world observes [...]
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