Vietnam Import Export News
Food imports must pass US standards
The regulations - embodied in an Agriculture and Rural Development Ministry decree to apply from July 1 - would be based on the International Codex Committees procedures, said its Quality Control of Agricultural, Forest and Aquatic Produce Department deputy director Phung Huu Hao.
Six export items exceed $1b threshold
Particularly, seafood export fetched $1.28 billion, rice at 2.1 million tonnes, earning $1.12 billion, crude oil $1.78 billion, wooden products over $1 billion, apparel products over $3.04 billion and leather and footwear at $1.36 billion.
Falling euro hits Vietnams export
Concerning the government report, the NA Economic Committee expressed concern that State budget deficit was still high. In addition, the loosening of fiscal and monetary policies would trigger the likelihood of high inflation and challenge market price management.
Vietnams exports in May up 14.4 percent
During the period from January to May, Vietnam earned nearly $25.83 billion from exports, growing by 12.6 percent year-on-year and spent total $31.2 billion on imports.
Euro depreciation creates difficulties for Vietnam seafood exporters
The dollar depreciation means that the exports to the EU will become more expensive, even though prices in dollars remain the same. Therefore, many EU importers have asked Vietnamese exporters to lower prices, or they will stop purchasing products.
Vietnam leather shoe exports unlikely to meet targets
Last year exports fell nearly 16 per cent to $4 billion and the Government is hoping they will grow by 30 per cent this year. But the industry is not hopeful. Do Chi Tien, deputy director of Phu Lam Shoe Co, said it was too early in the economic recovery
Imported cars arent selling like before
The import car market is in the doldrums, though sales of cars assembled in Vietnam remain strong. The imports poor sales are apparently a consequence of struggling financial markets and reports of massive recalls.
The US boosts farm produce export to Vietnam
In the first quarter of 2010, Vietnam, for the first time in five years, imported more farm produce form the US than it exported. This can be explained by the fact the country is expanding its efforts to boost food exports. "The US now begins reaping fruits after many years
Vietnam rubber exports increase in five months
Rubber exports have fetched US$479 million in the first five months of this year, up 85.5 percent over the same period in 2009, according to the General Statistics Office.
Leap in exports pushes trade deficit to $5.4b in five months
The countrys trade deficit reaches US$5.4 billion in the first five months of the year, according to experts from the General Statistics Office (GSO). The trade deficit was equivalent to 20.93 per cent of Viet Nams total export turnover, slightly higher than the 20-per-cent target set by the Government for
Popular Vietnam Business News
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