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Vietnam enjoys surge in import- export volume

According to the latest figures released by the Vietnam General Customs Department, the country’s total import- export volume from January 1 to April 15 hitS 69.75 billion USD, up 19.7 percent over the same period last year. Of the total, exports reached 34.41 billion USD, a rise of 19 percent, while imports hit 35.35 billion USD, up 20.3 percent. In ... Read More »

Vietnam attends Handicrafts Trade Fair in Italy

Deputy Foreign Minister Nguyen Phuong Nga and Mayor of the Italian city of Florence Matteo Renzi inaugurated 77th International Handicrafts Trade Fair, which Vietnam is invited to participate as a special guest. As many as 16 Vietnamese businesses are attending the annual fair, which opened on April 20 in Florence, the capital city of the Italian region of Tuscany. According ... Read More »

Bac Lieu’s seafood exports rise sharply

Exports of seafood from southern Bac Lieu province have seen a sudden rise in both quantity and value in April, with 2,800 tonnes of frozen shrimp, worth over 27 million USD, shipped abroad in the month so far. The province recorded 8,300 tonnes of frozen shrimp exports in the first four months of 2013, generating more than 84 million USD, ... Read More »

Construction on Duyen Hai seaport begins

Vietnam Electricity began construction on a seaport for the Duyen Hai Electricity Centre in the southern province of Tra Vinh on April 21. The port is part of a master plan for the power complex in Dan Thanh commune, Duyen Hai district. It aims to handle 12 million tonnes of coal and 100,000 tonnes of oil per year for the ... Read More »

Can Tho to become industrial hub by 2015

The Mekong Delta city of Can Tho has set a goal to become an industrial hub in the region by 2015, with industry accounting for 46.9 percent of its local economy. To obtain the goal, municipal authorities have mobilised about 220 trillion VND (10 billion USD) to invest in infrastructure for industrial and economic sectors. The city earmarked 5,000 hectares ... Read More »

Goods exchanges quiet with few buyers and sellers

VietNamNet Bridge – Goods and farm produce exchanges still cannot attract businessmen over the last years, even though they are believed to be the inevitable goods transaction mode in the modern times.   The gloomy markets Though the Buon Ma Thuot Coffee Exchange (BCEC) has been equipped well with the support of the local authorities, domestic and foreign institutions including ... Read More »

BUSINESS IN BRIEF 21/4

Trade deficit hits US$547 million in March Vietnam’s trade turnover was estimated at more than US$22.6 percent in March (up 57.1 percent), including US$11.57 billion in import value (up 59.9 percent) compared to the February figures. The General Department of Vietnam Customs said total exports earned US$11.03 billion (up 54.3 percent). In the last two weeks of March alone, the ... Read More »

Vietnam calls for investments in airports

VietNamNet Bridge – It’s still very difficult to develop the infrastructure system for the aviation industry, because Vietnam still cannot attract non-state investment sources.   Making classification would help attract investments The capacity of the domestic airports has increased from 6 million passengers in 2000 to 52 million in 2012. In 2009, the Prime Minister approved the airport development program ... Read More »

Ministry feels headache at budget revenue shortfall

VietNamNet Bridge – The Ministry of Finance is facing a hard problem as the danger of central State budget collection shortfall has turned visible whereas local business community is calling for a cut in corporate income tax.       Speaking at the press conference on Wednesday, the ministry announced the State budget collection was nearly VND168 trillion in the ... Read More »

Ministry feels headache at budget revenue shortfall

VietNamNet Bridge – The Ministry of Finance is facing a hard problem as the danger of central State budget collection shortfall has turned visible whereas local business community is calling for a cut in corporate income tax.       Speaking at the press conference on Wednesday, the ministry announced the State budget collection was nearly VND168 trillion in the ... Read More »