Import export usa

Hanoi (VNS/VNA) - Vietnam had a trade deficit of more than 1 billion USD with Australia last year, one year after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect. Of which, coal was the imported commodity with the highest value of 1.45 billion USD in the first 11 months of last year, rocketing by 96.8 percent over the previous year, accounting for 35 percent of total import turnover of goods from this market. Ore and minerals ranked second, valued at 517 million USD, accounting for 12.5 percent of the total import turnover from Australia. Metal products ranked third in turnover, followed by wheat and iron and steel scrap. Two-way trade between Vietnam and Australia has changed significantly a year after the CPTPP came into effect, said the Import-Export Department under the Ministry of Industry and Trade. Accordingly, the trade balance has shifted from a trade surplus to a trade deficit. Vietnam had a trade surplus with Australia … [Read more...] about Vietnam increases coal, ore and mineral imports

Shrimp export to Australia totalled nearly US$121 million as of December 15, 2019, representing a rise of 12.6 per cent over the same period of 2018 – the highest rate among the top ten shrimp export markets of Viet Nam. … [Read more...] about Shrimp exports to Australia increased strongly in 2019

The Indian association claimed that the subject goods, which were being dumped into India, were identical to the goods produced by the domestic industry, stressing there were no known differences either in the technical specifications, quality, functions or end-uses of the dumped imports. … [Read more...] about India initiates anti-dumping investigation on viscose spun yarn from Viet Nam

VND’s real effective exchange rate (REER) is trading 11.7 percent above its 10-year average, which suggests currency overvaluation. While some of the strength in the REER could be attributed to productivity gains, an overvalued currency would in general still weigh on export competitiveness, dragging on export earnings and the strength of VND. … [Read more...] about VND to average slightly weaker in 2020 ​

Nguyễn Xuân Thành, director of development from Fulbright University Việt Nam, said the trade war had affected the flow of goods, with the US increasing its trade safeguard investigations of major exporters, including Việt Nam. … [Read more...] about Enterprises urged to prepare for escalating US-China trade war