According to the General Department of Vietnam Customs, telephones and components topped the list of 33 major groups of export products with a value of US$582.49 million (up 7% when compared with 2016’s same period), followed by computers and components at US$355.38 million (up 13%), crude oil at US$220.32 million (up 34%) and footwear at US$205.66 million (up 9%).Vietnam is currently the fourth largest supplier of seafood to Australia, trailed by Thailand, New Zealand, and China.Shrimp exports alone, the Southeast Asian nation is the biggest exporter to Australia, accounting for more than 35% of market shares.
Nhan Dan – The economy of Vietnam is expected to accelerate in 2014 when it benefits from global recovery and the Government’s aggressive measures begin to produce full effect. The forecast was produced by experts at a workshop on the prospects of the Vietnamese economy organised by the Ministry of Planning and Investment on December 12. Many economists stated that the economy improved slightly in 2013 but the recovery is still far from sustainable, as there remains various threats that could potentially undermine macro stability. They added that effect of Government measures fell short of expectations and slow restructuring progress…... [read more]
New investment in manufacturing coupled with improved E.U. and U.S. demand will lift exports 2014. HSBC / Trinh D Nguyen “With global conditions improving and trade negotiations in the works, export-oriented firms will enjoy another year of robust growth,” said Trinh D Nguyen, an economist at HSBC, in a note. “Exports, especially foreign-invested manufacturing firms, will provide a boost to Viet Nam’s growth [in 2014].”Nguyen expects exports to rise 20% this year from 15.4% in 2013, which will help gross domestic product expand 5.6% in 2014, up from 5.4% in 2013. Foreign direct investment (FDI) is likely to grow strongly…... [read more]
Illustrative image (Source: VNA)Hanoi, (VNA) – A brighter outlook is forecast for the Vietnamese economy this year and the following years amid difficulties and challenges, according to economic expert Nguyen Quynh Nga. Nga, Deputy Head of the Multilateral Trade Policy Department under the Ministry of Industry and Trade, told participants at a seminar on Vietnam's Socio Economy in 2015 and Opportunity – Challenges held on January 13 in Hanoi, that the Trans-Pacific Partnership (TPP) was expected to be signed on February 4, 2016, in New Zealand, and added that the relevant Vietnamese agencies were preparing a document for the occasion.Nga…... [read more]
HA NOI (Biz Hub) — A brighter outlook is forecast for the Vietnamese economy this year and the following years amid difficulties and challenges, according to economic expert Nguyen Quynh Nga.Nga, deputy head of the Multilateral Trade Policy Department under the Ministry of Industry and Trade, told participants at a seminar on Viet Nam's Socio Economy in 2015 and Opportunity – Challenges held yesterday in Ha Noi, that the Trans-Pacific Partnership (TPP) was expected to be signed on February 4, 2016, in New Zealand, and added that the relevant Vietnamese agencies were preparing a document for the occasion.Nga said signing…... [read more]
Director of the GSO's Industrial Statistics Department Pham Dinh Thuy said that Vietnamese enterprises were gradually stablising production and faced fewer difficulties than in previous years. From January 2013 to March 2014, 5.6 per cent of enterprises stopped operations, 2.8 per cent lower than in 2012. In the first half of this year, over 37,300 new enterprises were registered with total capital of VND230.9 trillion (US$11 billion). This saw a decrease of 4.1 per cent in number but an increase of 19.3 per cent in capital compared with the same period last year. According to the survey, over 51 per…... [read more]
