Trade Ministry presses to trim import dependence on China

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Trade Ministry presses to trim import dependence on China

In 2015, the Vietnam trade deficit with China hit an all-time record high of US$32.3 billion and the effect on the nation’s economy has not been beneficial, says the Ministry of Industry and Trade (MoIT).

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MoIT presses to trim import dependence on China

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Báo Dân Trí English 2 month(s) ago

MoIT presses to trim import dependence on China

In 2015, the Vietnam trade deficit with China hit an all-time record high of US$32.3 billion and the effect on the nation’s economy has not been beneficial, says the Ministry of Industry and Trade (MoIT).

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Drilling venture Vietsovpetro to cut 2,000 jobs as oil shock continues: report

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Báo Thanh Niên English 2 month(s) ago

Drilling venture Vietsovpetro to cut 2,000 jobs as oil shock continues: report

A oil rig of Vietsovpetro at Bach Ho oil field off the coast of Vung Tau. Photo: VNA

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Chinese smartphone brands numerous but sell poorly in Vietnam

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VietnamNet English 2 month(s) ago 1 related news

Chinese smartphone brands numerous but sell poorly in Vietnam

VietNamNet Bridge - Many Chinese smartphone brands have entered Vietnam in the last three years but have not sold that well.

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Vietnam puts high hopes on Russia to fulfill ‘automobile dream’

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Vietnam puts high hopes on Russia to fulfill ‘automobile dream’

VietNamNet Bridge - If Russia and Belarus focus on making low-cost trucks, they will find firm positions in the Vietnamese market.

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Big capitalists vie for golden land in HCM City

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VietnamNet English 3 month(s) ago

Big capitalists vie for golden land in HCM City

VietNamNet Bridge - Land prices not only depend on position, but also on urban development plans.

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Private economic sector blocked by three powers

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Private economic sector blocked by three powers

VietNamNet Bridge - Private businesses, according to economists, have been hampered by state-owned enterprises (SOEs), foreign invested enterprises (FIEs) and state management agencies. The capital cannot reach the private economic sector because it has been taken away by the state budget.

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Vietnam buys Chinese goods, from onions to cars, why?

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Vietnam buys Chinese goods, from onions to cars, why?

VietNamNet Bridge - The majority of Vietnamese say they don’t want imports from China, but Chinese goods still flood the Vietnamese market.

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Government to create momentum for development

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VietnamNet English 3 month(s) ago 5 related news

Government to create momentum for development

The Government will take measures to create momentum for economic development right in the first months of this year, particularly in the context of dropping oil prices, Chairman of the Government Office Minister Nguyen Van Nen said at a regular press briefing on January 29.

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2015 budget deficit at 7% of GDP: report

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2015 budget deficit at 7% of GDP: report

VietNamNet Bridge – Last year’s budget deficit reached an estimated 7% of nominal gross domestic product (GDP), the highest level since 2000, the Vietnam Institute for Economic and Policy Research (VEPR) said in a quarter-four report.

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VN exports on track to reach US$13.7bil. in January

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VN exports on track to reach US$13.7bil. in January

The export turnover of Viet Nam is estimated to touch VND308,202 billion ($13.7 billion) in January, slightly increasing by 0.5 per cent against the previous month, according to the General Statistics Office (GSO).

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Vietnam rakes in over $30 billion with phone exports

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Báo Thanh Niên English 3 month(s) ago

Vietnam rakes in over $30 billion with phone exports

A Samsung factory in the northern province of Bac Ninh. Photo: Quang Thuan

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VN economy still reliant on foreign export sector

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VietnamNet English 3 month(s) ago 3 related news

VN economy still reliant on foreign export sector

VietNamNet Bridge - Billion USD projects such Samsung’s in Bac Ninh or the Duyen Hai power plant not only created jobs for thousands of people but also contributed greatly to Vietnam’s export value in 2015.

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FDI exports’ contribution to VN economy much higher than domestic firms but is it good for VN?

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VietnamNet English 3 month(s) ago 3 related news

FDI exports’ contribution to VN economy much higher than domestic firms but is it good for VN?

VietNamNet Bridge - Billion USD projects such Samsung’s in Bac Ninh or the Duyen Hai power plant not only created jobs for thousands of people but also contributed greatly to Vietnam’s export value in 2015.

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How will the national economy perform in 2016?

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VietnamNet English 3 month(s) ago 1 related news

How will the national economy perform in 2016?

VietNamNet Bridge - Core inflation in 2016 will not be much higher than that of 2015, at about 3 percent, while the inflation rate will be a little bit lower than core inflation, about 2-3 percent. The exchange rate and interest rate would bear hard pressure.

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