Trade turnover

The second Thailand - Myanmar friendship bridge (Photo: Bangkok Post) Bangkok (VNA) – Myanmar and Thailand have signed a memorandum of understanding (MoU) to boost the transfer of goods across the second Thailand-Myanmar friendship bridge. Crossing Moei river, the 760-metre-long bridge with four lanes connects Tak province’s Mae Sot district in Thailand to Myawaddy town in Myanmar. Thailand funded its construction, which was worth about 3 billion baht (nearly 98.5 million USD). Aiming to alleviate congestion on the nearby first Thailand-Myanmar friendship bridge, the project also includes one-stop-service border checkpoints. Inaugurated in March, the bridge is expected to be turned into a permanent border gate between the two countries from October 30. In a related development, Thai Minister of Commerce Jurin Laksanawisit held a meeting on October 3 with the joint public-private sector consultative committee on Thailand-Myanmar border trade promotion at Mae Sot to boost … [Read more...] about New friendship bridge to foster Thailand-Myanmar trade

Garment-textile was one of the commodities with the export turnover of more than 1 billion USD In the same period last year, Vietnam posted a trade deficit of 114 million USD with Japan. Products with high increases included garment-textile, means of transport and spare parts, machinery, aquatic products, wood and timber products, computers, electronic products and components, and footwear. … [Read more...] about Vietnam runs trade surplus with Japan in January-August

According to statistics released by the Ministry of Industry and Trade, the total import-export turnover during the reviewed period stood at an estimated US$382.72 billion, of which export turnover surged by 8.2 per cent to US$194.3 billion. Furthermore, import turnover rose 8.9 per cent to US$188.42 billion on-year. After reaching growth rates of 5.3 per cent and 7.2 per cent during the year’s first quarter and second quarter, respectively, exports showed significant improvements during the third quarter, bringing the total export turnover for the nine-month period to a rise of 8.2 per cent. Although the growth rate has suffered a slow down in comparison to the same period in 2017 and 2018, it has met the export growth target of 7 per cent to 8 per cent set by the National Assembly this year. Pham Tat Thang, former director of the Vietnam Industry and Trade Information Center under the Ministry of Industry and Trade, highlighted the role of domestic enterprises that have made … [Read more...] about Vietnam racks up US$5.9 billion trade surplus over nine-month period

Illustration photo In the second half of September (from September 16 to September 30), Viet Nam’s export turnover hit US$ 24.07 billion, up 16.2% against the first half of September.  Total trade turnover reached US$ 382.16 billion in the first nine months of 2019, representing a year-on-year growth of 8.4%.  Trade surplus valued US$ 1.35 billion in the second half of September, bringing the total number to US$ 7.15 billion in the first nine months.  In the second half of September, total Viet Nam’s export turnover hit US$ 12.71 billion, up 21.6% against the first half.  By late September, total export turnover reached US$ 194.65 billion, up 8.4%, equivalent to US$ 15.1 billion.  In the January-September period, the biggest hard currency earners included telephones and spare parts with US$ 38.81 billion, computers with US$ 25.61 billion, electronic device, garments and textiles, footwear, machines, equipment, transport vehicles, aquatic … [Read more...] about VN runs US$ 7.15 billion trade surplus in nine months

At the event - Photo: bnews.vn Speaking at the opening ceremony, Deputy Minister of Industry and Trade Do Thang Hai said that the fair is considered as a bridge to help businesses of the two countries to connect and seek cooperation opportunities in trade, investment, tourism. The event also contributes to strengthening cooperation between Vietnam and China in general and Vietnam with Guangdong province (China) in particular. According to Deputy Minister Hai, the Ministry of Industry and Trade of Vietnam acknowledges and highly appreciates the efforts of the Guangdong province’s government in organising import promotion activities of Vietnam's and Chinese strengths such as agriculture, seafood, processed food, cotton and garments. The fair showcases machinery, electric equipment, electronics, LED and lighting technology, construction materials and furniture in addition, hi-tech products and accessories as well as garments, consumer goods and food. Remarkably, more than 3,000 … [Read more...] about Guangdong – Vietnam Import and Export Fair opens in Hanoi