Vietnam Briefing News

Challenges Ahead but Vietnam’s Economy Remains on Fast-track

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Vietnam’s economy is still on the fast-tract despite global headwinds. Here’s how.

Vietnam Exports Rise Thanks to Foreign Firms

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Sept. 26 – Over the first eight months of this year, Vietnam’s exports rose by 15.1 percent year on year to US$85.2 billion, with foreign-invested companies accounting for over 60 percent of the monetary figure. On the other hand, domestic firms have experienced either stagnant or declining export levels.

Vietnam-German Connections

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Vietnam, one of the key member-states of the Association of Southeast Asian Nations (ASEAN), covers a total area 331,210 sq. km – making it almost the same size as Germany. In addition to the size connection, there is also a people connection with over 125,000 Vietnamese or Germans of Vietnamese descent living in Germany and over 100,000 German-speakers currently residing in Vietnam.

Vietnam to Broaden Relations with Thailand

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Jul. 3 – During talks held in Bangkok last week, Vietnam and Thailand agreed to elevate their bilateral relations to create a strategic partnership. The meetings, which were led by General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Thai Prime Minister Yingluck Shinawatra, discussed and emphasized that the strategic partnership would focus […]

Trade Update: Vietnam Revises Import Duties

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The Vietnamese Ministry of Finance has issued a new circular which amends its preferential import duties on various commodities. Currently scheduled to be implemented from May 19, 2013.

Vietnam International Trade Fair Opens

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Apr. 12 – The 23rd Vietnam International Trade Fair (Vietnam Expo 2013) opened on April 10 at the Vietnam Exhibition Fair Center in Hanoi, Vietnam. Booths and products representing the agriculture, electronics, information technology, industrial machinery, equipment, construction materials, and trade and services sectors will be present and on display until April 13. Themed “Vietnam: […]

Vietnam Announces Growing Revenues, Analysts Predict Further Growth

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Mar. 8 – The General Statistical Office (GSO) announced that total revenues from retail trade and services throughout the first two months of 2013 were estimated at a total of VND422.2 trillion (US$20.59 billion) – 10.9 percent year-on-year gain. In addition, HSBC recently released a report that predicted Vietnam’s GDP to continue to grow in […]

Vietnam’s Trade Surplus Widens Through February

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Feb. 27 – The General Statistics Office (GSO) in Hanoi released numbers indicating that Vietnam’s trade surplus widened in February with exports exceeding imports by US$900 million. The GSO also revised January’s trade balance to a surplus of US$776 million. Exports fell to US$7.5 billion in February from US$11.47 billion in January, a drop that […]

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