3 month usd libor

Harvesting coffee for exports (Photo: VNA) Hanoi (VNA) - Vietnam recorded a trade deficit of 1.3 billion USD in May, resulting in a total deficit of 548 million USD for the first five months of the year, according to General Statistics Office (GSO)'s monthly report. The domestic sector reported a trade deficit of 13.3 billion USD in the period, while foreign-invested firms posted a trade balance of 12.7 billion USD. GSO statisticians blamed the return to a trade deficit on slowing growth of exports in May. In the first four months of the year, the country posted a surplus of 771 million USD. They said the country’s import-export turnover reached more than 202 billion USD in the five-month period, a year-on-year rise of 7 percent. However, this growth rate was much lower than 19 percent and 17.5 percent seen in the same periods of 2018 and 2019, respectively, with key export items such as rice, coffee and cashew nuts posting turnover reductions of between 14 and 23 percent. … [Read more...] about Vietnam records trade deficit of 1.3 billion USD in May

Vietnam earned some 3.3 billion USD from vegetable and fruit exports during January-October. (Photo: VNA) Hanoi (VNA) – Vietnam earned some 3.3 billion USD from vegetable and fruit exports during January-October, up 15.5 percent from the same time last year, the Agro Processing Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development has said. Of the total shipments, 90.3 percent were raw products while the processed ones only accounted for 9.7 percent. China remained the largest market of Vietnamese fruits and vegetables. Vietnam shipped nearly 2.2 billion USD worth of the products to the neighbouring country in the first nine months of the year, a year-on-year surge of 10.4 percent. Strong growth was seen in the exports to Thailand (35 percent), Australia (31.6 percent), the US (30 percent), and the Republic of Korea (24.4 percent). In October, Vietnam splashed out 134 million USD on purchasing foreign fruits and vegetables, raising … [Read more...] about Fruit, vegetable exports valued at 3.3 billion USD

Illustrative image (Source: VNA)   Dong Nai (VNA) – Nearly 1.3 billion USD in foreign direct investment (FDI) landed in the southern province of Dong Nai in the first nine months of 2018, 30 percent surpassing the yearly target, according to the provincial Department of Planning and Investment. From January to September, Dong Nai licensed 81 new FDI projects worth 605 million USD and allowed 77 others to add extra 694 million USD. Most of the new projects are in supporting industries that are environmentally friendly with high technology. Most notable among them are the 60-million-USD project by Singapore-based KCC Vietnam Co., Ltd at Nhon Trach 6 Industrial Park (IP), the 40-million-USD fabric manufacturing project by HI KNIT Co., Ltd from the Republic of Korea at Nhon Trach 6A IP, and the 33-million-USD footwear project by Air Manufacturing Innovation Vietnam from the Netherlands at Giang Dien IP. Those with additional investments included Bosch Gasoline Systems … [Read more...] about Dong Nai attracts nearly 1.3 billion USD in FDI in nine months

Vietnam exported 141,000 tonnes of cashew in the first five months of 2018, raking in more than 1.39 billion USD (Photo: VNA)   Hanoi (VNA) – Vietnam exported 141,000 tonnes of cashew in the first five months of 2018, raking in more than 1.39 billion USD, reported the Import-Export Department under the Ministry of Industry and Trade. The figures showed a rise of 21.4 percent in volume and 25.3 percent in value year-on-year. In May alone, 35,000 tonnes of cashew were exported with revenue of 330 million USD, up 8.8 percent in volume and 6.4 percent in value compared to the previous month. Cashew exports have expanded for four consecutive months. Export cashew price hit an average of 9,867 USD per tonne in the first five months, up 3.2 percent year-on-year. According to statistics from the Ministry of Agriculture and Rural Development, as of the end of 2017, Vietnam was home to 337,143 hectares of cashew, 4,410 hectares more than the previous year. Yield, nevertheless, … [Read more...] about Cashew exports hit over 1.3 billion USD in first five months

Vietnam exports nearly 690,000 tonnes of coffee for 1.3 million USD in the first four months of 2018. (Photo: VNA) Hanoi (VNA) – Vietnam exported nearly 690,000 tonnes of coffee for 1.3 million USD in the first four months of 2018, up 17.2 percent in volume and down 0.1 percent in value from a year ago. In April, Vietnam shipped 160,000 tonnes of coffee abroad, earning 304 million USD, up 18.7 percent but down 0.6 percent, respectively, year on year. This month’s coffee prices averaged about 1,900 USD per tonne, down 1.7 percent from March and 16.2 percent compared to the same period of 2017. The average price in January – April was estimated at 1,933 USD per tonne, down 14.7 percent. Last quarter, coffee exports experienced a similar pattern as the country shipped up to 520,000 tonnes of coffee abroad for only 1 billion USD, up 15.1 percent in volume but down 1.7 percent in value year on year. According to the Ministry of Agriculture and Rural Development, … [Read more...] about Coffee exports earn Vietnam 1.3 million USD in first 4 months