• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

Viet Maz

Update local news from Vietnam

  • About Us
  • Disclaimers
  • DMCA
  • Submit your story
  • Privacy Policy
  • Contact Us
You are here: Home / Trade / Vietnam’s exports, trade surplus hit new records

Vietnam’s exports, trade surplus hit new records

January 17, 2019 by ven Leave a Comment

(VEN) – Vietnam achieved record export results in 2018 despite the threats to the global economy, largely due to market diversification, doubling its trade surplus compared to 2017. “Having diversified export markets helped Vietnam to sustain export gains and to mitigate economic risks from external economic fluctuations,” according to a recently issued report by the World Bank.   Diversified export markets In 2017, Vietnam’s export-import reached a record US$425.12 billion, including US$214.02 billion in exports and US$211.1 billion in imports, putting the trade surplus at nearly US$3 billion. At the beginning of 2018, Prime Minister Nguyen Xuan Phuc asked the Ministry of Industry and Trade to target a 10-percent export increase, higher than the goal of 7-8 percent set by the National Assembly. The task was particularly challenging given the escalating US-China trade war, and challenges posed by non-tariff barriers for imported goods. To carry out its task, the Ministry of Industry and Trade slashed bureaucratic red tape for administrative procedures and business conditions in export-import activities, creating favorable conditions for business development. For example, Governmental Decree 107/ND-CP on rice export businesses now allows rice producers to export their products directly. Farmers, cooperatives and/or businesses with several dozen hectares of rice cultivation area can each produce and directly export high-quality rice products under their brand names to retailers in foreign markets without applying for a license or having a business registration certificate. Businesses made great efforts to expand their export markets and make the most of opportunities provided by free trade… [Read full story]




  • Ethiopia's Tefera breaks world indoor 1,500m record
  • Vietnam's shipment to Cambodia sets new record
  • 2018 seafood export: Prospects to hit new record
  • FDI in Vietnam rose 44 percent to hit new record in 2017
  • FDI in Vietnam rises 44 percent to hit new record in 2017
  • Vietnam’s trade surplus hits USD 2.7 billion in 2017
  • Exports likely to hit all-high US$212 billion this year
  • Vietnam’s exports likely to hit all-high USD 212 billion this year
  • Viet Nam's shipment to Cambodia sets new record
  • Vietnam runs biggest trade surplus with US, EU in 11 months

Filed Under: Trade rsquo s meaning, Vietnam Tobacco Import Export Company, trade surplus, trade surplus germany, top 10 u.s. exports, top u.s. exports, import export trade, export trade, U.S. Export Restrictions, U.S. Exports to Korea, u.s. international trade commission, rough trade records, Hit Record on TV, surplus trading, gala vietnam top hits, tamil s janaki hits, s k exports kanpur, eu vietnam free trade agreement, trade schools in new jersey for electrician, new zealand forex trading, new jersey s corporation election, new york trade school, exporting new cars to china, new york hotel trades council, u.s. commodity futures trading commission, day trading s&p 500, u.s. free trade agreements, new jersey s corp, , Trade

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Primary Sidebar

Categories

ASEAN business Cinet About Contact Follow on Corporate Corporate News Culture Culture - Sports Diplomacy Domestic Economic Sector Economy education Enterprises environment Export-Import Finance & Banking Government in action Health Highlight Int'l Cooperation International Investing INVESTMENT Life & Style Local activities Markets Ministerial activities Miscellany Money News News » Headlines News » Vietnam News - Events Politics Politics & Laws society sports Tech Tourism Trade travel Việt Nam and World Vietnam World World News

Recent Posts

  • Kim Jong-un to arrive in Vietnam on February 25 ahead of Trump summit
  • Beautiful moments of Spring
  • Thua Thien-Hue’s Sinh village hosts exciting wrestling festival
  • Hà Nội FC win second Super Cup trophy
  • Acting Pentagon chief not decided yet on funding border wall
  • China rebuffs Germany’s call for US missile deal with Russia
  • Vietnam’s richest man among 200 richest people in the world
  • Northern border defense fight: Lang Son in days of fire, sword
  • Vietnam growth model highly relevant for North Korea: US media
  • Hanoi to patrol key locations round the clock ahead of Trump-Kim summit

Copyright © 2019 Viet Maz. Power by Wordpress.