trade deficit

Update news trade deficit

VietNamNet Bridge - Analysts have noted signs of a decrease in imports from China, while imports from South Korea rose by 7.9 percent in the first six months of the year.

Numerous pangolins die in captivity after they are rescued

VietNamNet Bridge - More than 40 pangolins have died because of asthenia caused by poor eating in a non-natural environment. Only 20 remain stay alive.

Chinese smartphone brands numerous but sell poorly in Vietnam

VietNamNet Bridge - Many Chinese smartphone brands have entered Vietnam in the last three years but have not sold that well. 

Vietnam puts high hopes on Russia to fulfill ‘automobile dream’

VietNamNet Bridge - If Russia and Belarus focus on making low-cost trucks, they will find firm positions in the Vietnamese market.

Big capitalists vie for golden land in HCM City

VietNamNet Bridge - Land prices not only depend on position, but also on urban development plans. 

Vietnam buys Chinese goods, from onions to cars, why?

VietNamNet Bridge - The majority of Vietnamese say they don’t want imports from China, but Chinese goods still flood the Vietnamese market.

Taxation bodies keep keen eye on franchisers

VietNamNet Bridge - The HCM City Taxation Agency has vowed to keep a keen eye on businesses which have conducted capital transfer deals and paid royalty fees to holding companies.

Vietnam buys many Chinese goods, from onions to cars

VietNamNet Bridge - All Chinese goods can be sold in Vietnam, from farm produce to automobiles, from toothpicks to electronics and from clothes to thermopower technologies.

Trade deficit won't stop growth

In 2015, Viet Nam had a trade deficit of US$3.2 billion after three consecutive years of posting trade surpluses. In 2016, the trade deficit could continue and even increase because many of the free trade agreements (FTAs) coming into effect. 

Vietnam considers ways of reducing reliance on Chinese goods

VietNamNet Bridge - Economists have repeatedly urged to think of solutions to escape the reliance on Chinese goods, but the task remains difficult.

Vietnam looking at $4 billion trade deficit in 2015

Vietnam could run up a US$4 billion trade deficit for the whole year after three consecutive years of a trade surplus, the Ministry of Industry and Trade (MOIT) said.

Import/export activities unaffected by yuan depreciation?

VietNamNet Bridge - Import/export companies say that the fluctuations in the price of the dong have dealt a strong blow to their business, but the Ministry of Industry and Trade (MOIT) says the Chinese yuan devaluation has had no effect.

Agencies cannot explain $20 billion discrepancy in China-VN trade figures

VietNamNet Bridge - The $20 billion gap between China’s and Vietnam’s figures about trade revenue still cannot be explained. 

VN urged to tap China trade, investment

China is expected to import more than $10 trillion in goods and services and invest $500 billion abroad in the next five years, offering opportunities for Viet Nam and other countries in the Asia-Pacific region.

Smuggled goods from China still cannot be quantified

VietNamNet Bridge - The General Statistics Office (GSO) says it is unreasonable to attribute the $20 billion gap in figures about Vietnam-China trade released by Vietnamese and Chinese agencies to smuggling.

Import turnover figures from China, Vietnam differ by $20 million

VietNamNet Bridge - Chinese and Vietnamese agencies have released conflicting figures on import turnover from China that differ by US$20 million, according to the Vietnam Economics Institute which quoted a report from a Chinese statistical agency.

Where have $20 billion worth of Chinese imports gone?

VietNamNet Bridge - Vietnam said it imported $43.9 billion worth of products from China in 2014, but China said the figure was $63.8 billion. 

BUSINESS IN BRIEF 5/3

Number of newly-established businesses up 26.6%; Vietnam sees trade deficit in first two months; Growing container inventory at seaports creating problems; Gov't decision to stockpile rice raises domestic prices

BUSINESS IN BRIEF 2/3

 Local indices make gains on return from Tet holiday break; Ministry of Construction may increase size of social housing; Foreign investment hits high note; ANZ: Consumer confidence grows in Feb; January car sales accelerate year-on-year

BUSINESS IN BRIEF 11/2

Circle K convenience store chain opens 100th store in VN; Retailers despair as discounts fail to attract more customers; Stalled projects likely to be re-sold; Foreign remittances remain robust in 2014;