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
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
