Of the figure, export value reached US$20.22 billion, up 41% against the same period last year or US$5.88 billion. The export growth was mainly attributed to the increases of key export items like garment and textile up 25%, or US$278 million; computers and electronics up 21%, equivalent to US$225 million, machinery and spare parts up 24.6%, or US$134 million. However, phone exports dropped by 13.6%, equivalent to US$287 million. Meanwhile, imports soared 51.9.5% to US$20.04 billion on year-on-year basis. Key imports include petrol (up 137.5% or US$339 million), machinery (up 11.3%, equivalent to US$156 million), and plastics (up 16.3%, or US$57 million./. By Thuy Dung
Domestic gold prices soared on Oct. 6 to a new record of 33 million VND per tael (1,690 USD), an increase of 1.4 million VND (72 USD) per tael over Oct.5's price, as speculators created a run on gold shops. A tael is equivalent to 1.2 ounces. The gold-selling districts in Hanoi and HCM City were thronged with people and saw prices change at least four times in the morning, with Sai Gon Jewelry Co (SJC), Sacombank Jewelry Co, Bao Tin Minh Chau, Agribank Jewelry Co and Phu Nhuan Jewelry Co quoting buy/sell prices at 32.85/33 million VND. Domestic gold…... [read more]
Petrol price rise sets new record (22-07-2008) HA NOI — After several months of trying to stabilise petrol prices the Ministry of Finance yesterday announced an unexpected rise of VND4,500 per litre, the highest increase so far. This is the second increase in petrol prices this year. The first was on February 25, which saw the price rise from VND13,000 to VND14,500. During the press conference yesterday, Minister of Finance Vu Van Ninh announced that a jump of 31 per cent in the price of A92 gasoline, setting a new record of VND19,000 per litre. The ministry also decided to…... [read more]
VGP - Việt Nam's rice export may hit 7.5 million tons this year, earning over US $ 3.7 billion, according to the Ministry of Agriculture and Rural Development. Indonesia is now the biggest rice importer of Việt Nam, followed by the Philippines. Last year, Việt Nam shipped up to 6.83 million tons of rice. By Hải Minh... [read more]
VGP – Viet Nam gained US$19 billion from exporting garments over the past 11 months of the year, according to the Viet Nam Textile and Apparel Association (VITAS). The nation’s garment exports maintained strong growth in large markets such as the US, the EU, Japan and the Republic of Korea. Garment exports in 2014 may reach US$24.5 billion, up 19% compared to last year and this is the highest growth rate over the recent three years, revealed VITAS General Secretary Dang Phuong Dung. Earlier, the Ministry of Industry and Trade approved a plan to raise the garment export turnover to…... [read more]
HANDICRAFT EXPORTS TO HIT NEW RECORD Export value of Vietnamese fine arts and handicrafts is expected to surpass 2.5 billion USD in 2013, according to the General Statistics Office (GSO). In the first half, shipment of arts and handicrafts jumped 18.3 percent against the same period last year, compared to the country's average export growth rate of 16.1 percent. Especially, the revenue of suitcases, wallets, hats and umbrellas totaled 925 million USD, up 23.6 percent; pottery reached 218 million USD, up .6 percent; and bamboo products, 110 million USD. So far, arts and handicrafts have entered the club of 11…... [read more]
