return icon

Vietnam's trade deficit returns

Vietnam incurred a trade deficit of US$2.7 billion in the first half of May, after earning a trade surplus of US$2.53 billion in January-April, according to the General Department of Vietnam Customs.

In the year to mid-May, the country had had a trade deficit of US$223 million.

Commodities seeing a sharp fall in export revenue in the first two weeks of May included phones and phone parts (down 39.3%); computers, electronics and accessories (down 32.1%); and machinery, equipment, tools and accessories (down 24.4%).

Meanwhile, fuels and animal feed materials registered the highest import turnover in the two-week period, at 31.7% and 57.1%, respectively.

In the first 15 days of this month, the country’s total import-export turnover reached US$28.34 billion, down 15.6% over the previous 15 days. The figure in the year to May 15 had amounted to US$270.56 billion, up 15.4% year-on-year.

The country’s exports totaled nearly US$135.2 billion while its imports reached US$135.39 billion.

The export revenue from computers, electronics and accessories; fuels; and coal soared by US$7.5 billion, US$2.14 billion and US$1.46 billion, or 30%, 129.7% and 111.9%, respectively.

Imports of many products surged, such as phones and phone parts by US$2.61 billion; textiles and garments by US$2.32 billion; machinery, equipment, tools and accessories by US$1.76 billion; and computers, electronic products and accessories by US$1.78 billion.


Rubber groups aim to cut China reliance

As China cuts down on its purchase of rubber from Vietnam, the latter has witnessed a sharp decline in its rubber market share in China.


HCM City works hard to better quality of human resources


Vietnam sees more chances for coffee exports to the US

Vietnam stops announcing new daily Covid-19 infection from June 29

The Ministry of Health (MoH) yesterday said that from June 29, it stops posting new daily Covid-19 infection. The daily announcement will have only the numbers of recovered cases, deaths, and vaccinated people.

Vietnam considers axing additional taxes to lower retail price of petrol

The Ministry of Finance has submitted a proposal to the Prime Minister in a bid to reduce the excise tax and value added tax, in addition to the environmental protection tax, as it seeks control rising petrol prices.

For sustained success, Vietnam should learn from the mistakes of others

Right now, Vietnam is full of promise. The recent ratings upgrade by S&P Global makes it likely that the country will be the next “rising star”, referring to the achievement of its first investment grade rating in the next few years.

Airlines busier, but still incurring losses

Despite the increase in the number of passengers, air carriers are still incurring losses due to the fuel price increase.

Ministry of Health explains reasons for not announcing end of COVID-19 pandemic

If Vietnam declares the end of the COVID-19 pandemic in the country, it will meet many difficulties in pandemic prevention and control and be hit by slower economic recovery, the Ministry of Health (MoH) has said.

Paris square named after Vietnamese pilot

A small square in the center of the 16th arrondissement of Paris now bears the name of Do Huu Vi, a Vietnamese national who was one of the first pilots of the French army.

UNCLOS greatly contributes to promotion of regional maritime cooperation: experts

The 8th Ocean Dialogue took place in Hanoi on June 29 under the theme “40th Anniversary of UNCLOS: Promoting maritime cooperation in Southeast Asia”.

Vietnam, UK hold 4th defence policy dialogue in London

Vietnamese and UK officials said they wish to turn defence cooperation into a pillar in the countries’ overall relations at the 1st session of the 4th Vietnam-UK defence policy dialogue held in London on June 29.

International Competition creates architectural plan for Vung Tau

Seeking a unique architectural plan and tourist landmarks for the coastal city of Vung Tau, Five Star International Group (Five Star Group) and Agritour & Green World organised an International Design Competition.

Investors rush to sell coastal villas to cut losses

Hundreds of million-dollar seaside villas in Da Nang, the “capital” of resort property, have been idle for over two years.

Global providers’ expansion plans make Hanoi coworking supply rise

The Vietnamese coworking market is growing exponentially as more and more people become aware of the benefits this niche brings from a business and productivity point of view.

Personal information needs more protection in Vietnam

Government agencies’ awareness about protection of personal data on online platforms remains low, according to speakers at a seminar held recently by UNDP Vietnam and the Institute for Policy Research and Media Development (IPS).