VietNamNet Bridge – Reviewing the effectiveness of rice exports and solutions to improve the position and role of farmers is the subject in the recent research "Structure of the rice industry and the interests of small producers" by the Agricultural Alliance.Export more rice? Dr. Nguyen Duc Thanh - Director of the Center for Economic and Policy Research and a member of the research team – said that Vietnam’s policy to export more rice may not be a wise strategy. … [Read more...] about Rice exports: Is Vietnam subsidizing foreign consumers?
Export import vietnam
Big export-import turnover drop mirrors production woes By Thanh Dat A sharp decline in April's export and import turnover causing a sudden trade deficit reflects bigger difficulties in local production. Meanwhile, the country's export and import turnover for March stood at a higher level, with $11 billion and $11.3 billion, respectively, resulting in a trade deficit of $300 million. In this year's first four months, Vietnam's total export and import turnover touched nearly $39.5 billion and nearly $40.2 billion, respectively. Thus the four-month trade surplus was about $700 million. "The reduced export and import turnover with a trade surplus of $1 billion in April trade deficit is noteworthy. It means that local production is now facing greater difficulties than it did several months ago," said Nguyen Van Giau, chairman of the National Assembly's Economic Committee at this committee's meeting last week in Hanoi. Echoing Giau's comment, Vu Viet Ngoan, Chairman of the … [Read more...] about Big export-import turnover drop mirrors production woes
VietNamNet Bridge - The list of the five biggest car exporters to Vietnam has for the first time seen a new name - Indonesia. This is really a big surprise. The other four are familiar names. South Korea still tops the list with 788 cars exported to Vietnam in October 2012, worth 9.435 million dollars. The second biggest exporter is the neighbor Thailand which exported 293 cars, worth 5.610 million dollars. The third position belongs to China from which Vietnam imported 129 cars with the import turnover of 3.477 million dollars. The fourth is Indonesia, and the fifth is the US, which exported 3.715 million dollars worth of cars to Vietnam. … [Read more...] about Indonesia in top five car exporters to Vietnam, why?
Ex-Im Bank: U.S. to double exports to VietnamBy Mong Binh - The Saigon Times Daily “In the first three months of this year, U.S. exports to Vietnam grew 40%. So we are seeing a lot of growth right now,” Hochberg responded to the Daily’s question at the news briefing before he left Vietnam after a three-day visit. Two-way trade between the U.S. and Vietnam stood at US$15.4 billion last year, with exports from Vietnam accounting for US$12.3 billion. “The U.S. still imports much more from Vietnam than we export to this country. We want a little more balance,” Hochberg said. U.S. President Barack Obama has given five years to double U.S. sales towards Vietnam, but Hochberg said Ex-Im Bank could do better. “I think we can do it faster… because Vietnam is growing so quickly.” Ex-Im Bank took action by signing a memorandum of understanding with Vietnam Development Bank in Hanoi on Monday to provide a US$500 million financing facility to support … [Read more...] about Ex-Im Bank: U.S. to double exports to Vietnam
Vietnam's economic targets are occasionally inconsistent with each other as well as reality. Export-import targets for 2011 may not be an exception to this rule. It is worth remembering that export and consumer price index (CPI) targets for 2008 and 2009 diverged markedly from reality. In 2008, CPI was expected to trail behind GDP growth (8.5-9%), but shot to 20%. In 2009, when Vietnam set the upper bound for CPI at 15%, the index turned out to be merely 6.52%. The corresponding figures for export were +13% and -8.9%. … [Read more...] about Robust Export-Import Vital For 2011