The General Department of Vietnam Customs said the country had a trade deficit worth 400 million USD in November, equivalent to 1.9 percent of total export value.
General Department of
Vietnam Customs said the country had a trade deficit worth 400 million USD in
November, equivalent to 1.9 percent of total export value (Illustrative photo:
VNA)
Specifically, the nation’s
foreign trade in the month was valued at an estimated 43.6 billion USD, down
1.6 percent from the previous month. Of the figure, total export revenue went
down by 4.1 percent to 21.6 billion USD, while import value increased by 1.1
percent to 22 billion USD.
The November figure brought the 11-month foreign trade value to 440.45 billion
USD, up 13.4 percent from the same period in 2017. Despite the deficit in
November, the period still saw a trade surplus worth more than 6.8 billion USD
for the January-November period.
In terms of exports, the item with the highest revenue in the period was
telephone and parts, with 46.14 billion USD, up 11.5 percent year on year. It
was followed by textile-garment with 27.77 billion USD, up 17.4 percent, and
computer, electronics and parts with over 27 billion USD, up 13.9
percent.
In terms of imports, the country spent 38.7 billion USD on computers,
electronics and parts, an increase of 13.6 percent, 30.71 billion USD on
machinery, equipment, tool and spare parts, down 0.7 percent.
Source: VNA
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(HBO) – The Thai Binh Tourism Co. Ltd, an affiliate of Pacific Group, held a ceremony in Phu Nghia commune, Lac Thuy district, Hoa Binh province, to start the construction of works in Hoa Binh section of the Huong Binh cable line project.
(HBO) - On May 26, Mr. Quach Tat Liem, the Vice Chairman of the Provincial People's Committee and the leaders from a number of departments and branches worked with the delegation of European Union in Vietnam, led by Mr. Mario Ronconi, the Director General in charge of South Asia - Southeast Asia at the Asia - Pacific - Middle East Department under the General Department of International Partnership as the head of the delegation, to introduce and discuss the potentials and strengths of the locality as well as the cooperation opportunities between Hoa Binh and European Union.
(HBO) - The Department of Economic Cooperation and Rural Development under the Ministry of Agriculture and Rural Development, Hoa Binh province’s Department of Agriculture and Rural Development, the People's Committees of Lac Son and Yen Thuy districts, and Fusa Organic Agriculture joint Stock Company on May 20 signed a strategic cooperation agreement on implementing a pilot project to build a material area of agricultural and forestry products that meet standards for domestic consumption and export in Hoa Binh province in the 2022 – 2025 period.
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(HBO) – Over the years, the Hoa Binh Cooperative Alliance have rolled out various measures to support local cooperatives to develop farm produce production and selling chains, thus promoting the economic transition process, creating jobs and improving income for local farmers.
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