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Ministry predicts 2017 export growth

roducts including telephones and spare parts, garment and textiles, electronics and computers are expected to bring highest export turnover to the country in 2017, said the Ministry of Industry and Trade.   Last year, Vietnam’s total export turnover was 175.9 billion USD, an increase of 8.6 percent over the previous year. Therefore, the ministry has set an export turnover target of 188 billion USD ...

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Forbes: five engines guarantee Vietnam’s economic growth in 2017

The US magazine Forbes said Vietnam can meet its target of 6.7% GDP growth in 2017 thanks to five engines, including its resources and trade agreements with other nations. The magazine cited Oscar Mussons, international business advisory associate with the DezanShira& Associates consultancy in Ho Chi Minh City, as saying that firstly, Vietnam keeps giving foreign companies reasons to invest thanks to its lower ...

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Looking back on Vietnam's economy 2016: Recovery despite difficulties.

2016 was a challenging year for the Vietnam's economy when the global economic growth, and trade were lower than forecast. But with efforts of institutional reform, and investment and business environment improvement, the economic–social situation of our country continued to change positively and achieved remarkable results. Need to appreciate and enhance internal resources, based on internal economic development. Photo: collected. Macro-economy to be stabilized, ...

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Top four importers of Vietnam products

The US, China, Japan and the Republic of Korea were the four biggest importers of Vietnam products, each with a value of more than US$10 billion in 2016 Exports to the four markets accounted for nearly 49% of Vietnam’s total export revenue.According to the latest statistics from the General Department of Vietnam Customs, the US was the biggest consumer of Vietnam products with an ...

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US trade ‘more important than ever’ to Vietnam

Perhaps no country more than Vietnam will feel the effects of the demise of the Trans Pacific Partnership (TPP) in terms of diminished foreign direct investment and trade, says the Ho Chi Minh City People’s Committee This results because the trade pact would have allowed for exporters operating within the borders of Vietnam to pay lower and in many cases no tariffs for shipping ...

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Exports of textiles and apparel only reaches $US 28 billion

The export of textiles and apparel for the whole 2016 was estimated at $US 28.023 billion, increased by 5% over 2015. This growth rate was relatively low because 2016 was a difficult year for the textiles and apparel businesses  With only few days left to the end of 2016, the export target is now $US 29 billion – the adjusted target compared to the ...

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Key import groups in November, 2016

According to Customs statistics, the import turnover of 10 key groups reached $US 99.86 billion and accounted for 63.6% of the whole country’s total import turnover in the first ten months of 2016. In which, the largest group was computers, electronics and accessories ($US 25.33 billion); and the following groups were machines, equipments, tools and other spare parts ($US 25.24 billion); telephones and accessories ...

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Vietnam’s exports to US soar

Vietnam exported US$35 billion worth of goods to the US in January-November, 2016, representing a remarkable rise of 14% over the same period last year. The US topped the list of countries importing Vietnamese key products, such as garment-textile, footwear, machinery, equipment and spare parts, seafood, and timber products. According to the Vietnam Customs, the country’s total import-export turnover exceeded US$316.9 billion in the ...

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FTA boosts RoK exports to Vietnam

The Republic of Korea’s exports to Vietnam have increased sharply this year thanks to the enforcement of a free trade agreement between the two countries which was ratified late last year. According to a report by the Korea Trade-Investment Promotion Agency (KOTRA), the RoK’s exports to Vietnam in the first 10 months of 2016 rose 11.8 percent year-on-year. Especially, the RoK’s consumer goods exports ...

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China dominates Vietnam wood chip trade

Vietnamese companies ship an estimated four million tons of woodchips to China annually, according to statistics from the General Department of Vietnam Customs.   China is the dominate consumer market for Vietnam wood and wood products, says the Department, with exports to it having hit US$965.8 million in 2015, nearly US$121 million higher than the figure for 2014. For the first nine months of ...

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