Trade
Imports
Vietnam enjoys strong export growth in UAE
Vietnam’s exports to the United Arab Emirates (UAE) hit 3.463 billion USD in the first seven months of this year, up 23.37 percent year on year, reported Nhan dan (People) daily. Keep reading ...
Importers hedging against baht slump
Local small and medium-sized importers are in a rush to hedge their currency exposure to protect against the rapid weakening of the baht, says TMB Bank. The number of SME customers hedging against foreign exchange risk has increased by 20-30% since the baht began depreciating after ...
Chicken war with U.S. shows free trade threat to Vietnam farmers
Hanoi chicken farmer Nguyen Huu Tuyen blames inexpensive poultry imported from the U.S. for the loss of almost $14,000 this year. Farmers such as Tuyen say the only way American companies can undercut Vietnamese poultry prices is if they export chicken at artificially low prices or ...
Vietnam, EU prepare for free trade launch
Vietnam and the EU have reached a framework agreement on the creation of a free trade zone under which almost all customs barriers between the partners will be eliminated. The deal, which follows two and one-half years of talks, will once fully implemented remove nearly all ...
Vietnam sees trade deficit of 19.3 bln USD with China in 7 months: customs
Vietnam saw a trade deficit of over three billion U.S. dollars with China in July, bringing the figure in the first seven months of 2015 to hit some 19.3 billion U.S. dollars, said Vietnam Customs on 17 August. Keep reading ...
Customs red tape costs Vietnamese traders $10 billion a year: expert
Vietnam can help traders save US$10 billion every year by simplifying its customs procedures, which are now very time-consuming and complicated, an expert from a think tank has said. Nguyen Dinh Cung, head of the Central Institute for Economic Management, told an online conference on Tuesday that customs ...
China's currency devaluation could spark 'tidal wave of deflation'
China’s devaluation of the yuan has sent shockwaves through global markets. Edwards, of the bank Société Générale, argues that as well as creating a challenge for China’s Asian rivals, by making its exports more competitive, a cheaper yuan will send “a tidal wave of deflation” breaking ...
Overseas Vietnamese granted import tax exemption on used cars
According to a new Government decree, a tax exemption on used cars imported to Vietnam has been given for Viet kieu (Overseas Vietnamese), who are intellectuals, experts and skilled workers. Keep reading ...
Vietnam to resume importing Australian oranges, tangerines and grapes from August
Vietnam’s Ministry of Agriculture and Rural Development has said resumed permission for importing three Australian fruits including oranges, tangerines and grapes is expected to be given on 1 August. Keep reading ...
Myanmar's imports continue to outpace exports in Q1
Burma’s export volume rose slightly in the first quarter of the 2015-16 fiscal year compared with the same period last year, but failed to keep pace with increasing imports in an indication that the weakening of the country’s currency in recent months has failed to ...
