Exports increase in three quarters
Vietnam's export turnover so far this year has amounted to 96.27 billion USD, an increase of 15.5 percent over the same period last year. $0 $0$0 $0 $0The Ministry of Industry and Trade, announcing the figures during a meeting in Ho Chi Minh City on October 17 to review export activities in the third quarter, described this as a silver lining of the economy. By now, there have been 19 products with export turnover topping 1 billion USD each, 11 of which have topped 2 billion USD. Largest earners include telephone and accessories with 15.52 billion USD (79.9 percent increase), garment 13.1 billion (17.3 percent), footwear 6 billion (15.1 percent), machinery 4.37 billion (5.1 percent), wood and wood products 3.87 billion (14.9 percent).
Businesses have yet to feel effects of new import/export tariffs
Under the new import/export tariff scheme effective as of January 1, 2015, a zero tax rate is applied to many import items, but most Vietnamese businesses say this has yet to affect their business.
HCM City imports, exports tumble in first quarter
HCM City's imports and exports fell by 6 per cent and 7 per cent year-on-year in the first quarter mostly because of lower prices, a socio-economic review meeting last week heard.
Nghi Son Economic Zone to become multi-sector industrial area
The Nghi Son Economic Zone (EZ) in central Thanh Hoa province is expected to become a multi-sector industrial area with a focus on refinery-petrochemical and basic industries in the near future.
Vietnam seaports attract investment from major firms
According to the Ho Chi Minh Stock Exchange, Saigon Port Company Limited will make its initial public offering (IPO) on June 30.
Vietnam’s export structure shifts vigorously
Vietnam has witnessed a relative export expansion in both scale and speed, and seen a positive shift in export structure, helping develop the scale and growth rate of export