Hanoi (VNA) – The US was Vietnam’s biggest export market in the first 11 months of 2015 with a turnover of 30.6 billion USD, up 17.6 percent year-on-year, said the General Statistics Office (GSO). It was followed by the European Union (EU), with 28.1 billion USD; ASEAN, 17 billion USD; China; 15.6 billion USD; Japan, 12.8 billion USD; and the Republic of Korea, 8.4 billion USD. According to the GSO, Vietnam’s export turnover was estimated at 148.7 billion USD in the 11-month period, an 8.3 percent year-on- year increase. Of the figure, 43.6 billion USD was contributed by domestic businesses and the remainder by the foreign investment sector (including crude oil). Phones and spare parts topped the list of foreign currency earners, fetching 28.5 billion USD, up 29.6 percent. It was followed by garments, with 20.7 billion USD; computers and spare parts, 14.3 billion USD; and footwear, 10.8 billion USD. However, some agricultural and mineral products such as crude oil, … [Read more...] about Bản in : US named Vietnam’s biggest export market
Vietnam biggest export
January 2-8, 2017: US tops Vietnam’s biggest export markets
National press contest on anti-corruption 2017 announced The 2017 national press award on the fight against and prevention of corruption and wastefulness has been launched by the Vietnam Journalists’ Association (VJA) and the Vietnam Fatherland Front (VFF) Central Committee. Both professional and amateur Vietnamese journalists in Vietnam and abroad can participate, with each author or group of authors submitting a maximum of five press works. These works should be published in Vietnamese media between January 1 and November 30, 2017. They must be submitted during the year until November 30, with the award ceremony scheduled for December 30. More details on the contest can be found on the VJA’s website at http://www.vja.org.vn or the VFF’s website at http://www.mattran.org.vn. US tops list of Vietnam’s biggest export markets The US once again topped the list of 200 countries and territories importing Vietnamese goods in 2016, with a total import value of over … [Read more...] about January 2-8, 2017: US tops Vietnam’s biggest export markets
US remains Vietnam’s biggest export market
Commodity export turnover in May 2015 reached an estimated USD13.5 billion, up 1% from the previous month, according to the latest statistics of the General Statistics Office. In total, the figure amounted to more than USD63 billion in the first five months this year, a year-on-year rise of 7.3%. The US continued to the biggest export market of Vietnamese commodities at USD12.7 billion, a 17.6% increase against the same period last year. It was followed by the EU at USD12 billion, up 8.6% year on year. Exports to ASEAN countries reached USD7.7 billion, down 3.5% while those to China were valued at USD6 billion, down 1.2%. Foreign-invested economic areas (including crude oil) earned an export value of over USD44 billion, up over 12%. Meanwhile, export turnover in the domestic economic region reached nearly USD19 billion, down 2.7%. Commodities with higher export value than the same period last year were telephones of all kinds and their components at USD12 billion (up 18.5%), … [Read more...] about US remains Vietnam’s biggest export market
HSBC: China to be Vietnam’s biggest export partner
Thanh Thuong Speaking at the report announcing ceremony on Thursday, Jasmine Lau, head of HSBC's corporate financial service department, said that some countries have no longer chosen China as the venue to place their production factories due to higher production costs than neighboring nations. Therefore, certain Vietnamese goods will be exported to China. Vietnam's exports to China would grow around 18% each year between 2013 and 2015. This growth rate is the fourth-fastest among countries shipping products to China, behind Bangladesh, India and Hong Kong. However, Vietnam's export growth rate will jump to the second position in the 2016-2020 period and from 2020 to 2030, China will have overtaken the U.S. as Vietnam's largest export market. In terms of bilateral trade, last year saw Vietnam's two-way trade with China at US$41 billion, with the United States at US$24.6 billion, with the EU at US$29 billion, and with Japan at US$25 billion. However, in terms of export revenues, … [Read more...] about HSBC: China to be Vietnam’s biggest export partner
Vietnam to export elevators to the Middle East
The Ho Chi Minh City’s Thai Binh Elevator Co., Ltd. is to export 40 elevators, worth around US$ 800,000, to Qatar, according to Tran Tuan Anh, the Company’s General Director. According to Director Anh, this is the company’s biggest export contract to the Middle East. The elevators, with speeds of 1 meter per second, are suitable for low buildings. Along with Cambodia, which is considered Thai Binh Elevator’s key market, the company has so far also expanded the market for its products to the Middle East and Laos. Despite many difficulties, the company’s export turnover has increased by 23% so far in 2008. Source: TTO, photo for illustration Translated by Vu Hung … [Read more...] about Vietnam to export elevators to the Middle East