Vietnam records trade surplus of US$100 million in August
Vietnam is set to post a trade surplus of US$100 million in August after a US$49 million deficit in July, according to a preliminary estimate by the General Statistics Office (GSO).
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Vietnam is set to post a trade surplus of US$100 million in August after a US$49 million deficit in July, according to a preliminary estimate by the General Statistics Office (GSO).
State budget collection in the first seven months of this year was estimated at VND497.36 trillion (about US$23.4 billion), an increase of 14.4% over the same period last year.
The US Senate Committee on Foreign Relations on July 22 approved the US - Vietnam agreement on civilian nuclear cooperation.
Evan Medeiros, special assistant to US President Barack Obama, was received by Deputy Prime Minister Pham Binh Minh on July 14.
The trade sector has worked out a number of solutions aiming to boost exports and produce a trade surplus of US$500 million by the end of the year, the Ministry of Industry and Trade (MoIT) reports.
PM Nguyen Tan Dung on May 28 in Ha Noi hosted a reception for US Senator Benjamin Cardin, Chairman of the Senate Foreign Relations Subcommittee on East Asian and Pacific Affairs who is on a working visit to Viet Nam.
Foreign investors have committed to investing US$5.5 billion in Viet Nam in the first five months, equal to 65.7% of the same period last year.
Reputable Forbes magazine of the US has released a list of the world's 2,000 biggest public companies in 2014, including two Vietnamese businesses.
Footwear exports reached US$730 million in April alone, bringing the total export turnover of the products in the first four months of this year to nearly US$2.9 billion, up 21.9% on a year-on-year basis.
Vietnam grossed US$9.69 billion from selling agro-forestry and seafood products abroad in the first four months of 2014, a year-on-year increase of 14 percent, according to the Ministry of Agriculture and Rural Development.
Party General Secretary Nguyen Phu Trong has proposed that the US continue to work closely with Vietnam in healing the pains of war, especially through demining and supporting victims of Agent Orange/Dioxin in Vietnam.
The World Bank (WB) has announced Vietnam is among the top ten overseas remittance recipients in the world, receiving US$11 billion last year alone.
The US State Patent and Trademark Office has granted a certificate of monopoly protection for two Vietnamese trademarks "Cho Dao fragrant rice" and "Chau Thanh-Long An dragon fruit ".
The Vietnam's capital city of Hanoi ranked eighth among top 10 most attractive destinations in the world in 2014, according to the US prestigious travel magazine TripAdvisor.
Official Development Assistance (ODA) disbursement in the first quarter of this year is estimated at US$364 million, up 5% from the same period last year.
Vietnam's trade balance in March showed a deficit of US$0.3 billion, equivalent to 1.2% of the country's total export- import turnover, according to the General Statistics Office (GSO).
The Ministry of Agriculture and Rural Development (MARD) has concluded a supportive capital provision of nearly US$1.4 million to the national target program on building new-style rural areas with the Food and Agriculture Organization of the United Nations (FAO).
Over VND129 trillion (roughly US$6.06 billion) was collected for the State budget in the first two months of 2014, a 12.9% year-on-year increase and equivalent to 26.6% of the year's estimate, according to the Ministry of Finance.
Trade surplus in the first two months of 2014 was estimated at US$244 million, equivalent to 1.2% of total export revenue, according to the General Statistics Office (GSO).
Vietnamese exporters shipped 307,255 tons of rice abroad, earning nearly US$ 128 million in the first month of 2014, according to the Viet Nam Food Association (VFA).
VGP - Export revenue of agro-aquatic-forestry products in January was estimated at US$ 2.32 billion, representing a year-on-year decline of 9.7%, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam Customs has reported the nation's 2013 trade turnover totalled an estimated US$264.26 billion, a 15.7% rise year-on-year.
Vietnam attracted nearly US$22 billion in foreign investment in 2013, the highest figure since 2008, according to statistics from the Ministry of Planning and Investment (MPI)'s Foreign Investment Agency.
Despite 2013's economic difficulties, Vietnam attracted more than US$21 billion in registered foreign direct investment (FDI), a 54.5% improvement on 2012. But experts warn the country risks lagging behind without stronger efforts at reform.
Vietnam's tourism sector achieved impressive progress in 2013, receiving 35 million domestic visitors and 7.5 million foreigners, an increase of over 10% over the 2012, and earning total revenue of VND 195 trillion (US$9.17 billion).