trade deficit

Update news trade deficit

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;

Trade deficit returns in the wake of lower crude oil prices

VietNamNet Bridge – Vietnam could see a trade deficit in 2015 after three consecutive years of a surplus, as prices for crude oil, which Vietnam exports, have plummeted.

BUSINESS IN BRIEF 29/1

Former Ocean Bank chief arrested for economic fraud; Agro, forestry, seafood exports down; Collect $2.4b in arrears, Gov't told; FPT Software targets $1b in 2015 revenue; HCM City targets surge in retail sales; Second-home segment bouncing back

BUSINESS IN BRIEF 6/1

 Ministry urges bank listings to boost transparency; MSN sells Masan Agri, divests from Mivipack; Domestic firms brace for tough competition; Leaders insist public debt increases no cause for alarm

Trade deficit with China poised to hit record high

 VietNamNet Bridge – Viet Nam's trade deficit with China could hit a new record high of US$27 billion in 2014, a 14-per cent year-on-year increase,

Returning trade deficit raises concerns

 VietNamNet Bridge – After eight months of a trade surplus, Vietnam saw an excess of imports over exports again in September and October, due to a high volume of luxury imports.

Vietnam anticipates trade deficit in 2015

VietNamNet Bridge – After three consecutive years of trade surplus, Viet Nam will likely experience a trade deficit next year, the Ministry of Industry and Trade predicted at a meeting last Monday.

BUSINESS IN BRIEF 25/3

Vietnam runs up trade deficit in March; Lao company markets coffee in Vietnam; Japan steps up inspection of shrimp imports; Another Amway factory shaping up in Binh Duong; Vietnam bond issues grow fastest in East Asia

BUSINESS IN BRIEF 25/2

 Firm accused of tax evasion, titanium smuggling; MoF increases petrol, diesel prices; Work starts on $66.6m wood production line; Consumer confidence marks two-year high: market survey; EU tops list of Viet Nam trade partners

BUSINESS IN BRIEF 14/2

 Rice exports slump as prices rise; Vietnam needs to restructure tra fish sector; Seven new air routes to connect to Can Tho City; Local dairy firms hike prices in foreign brands’ footsteps;

Vietnam-China trade: how much can VN get from the $60 billion cake?

Vietnam and China both have committed to increase the two way trade turnover to $60 billion by 2015. Analysts believe that China would get more slices of the $60 billion cake.