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VIETNAM’S IMPORT AND EXPORT VALUE TOTALED US$53.5 BLN IN SEPT
Vietnam’s total merchandise import and export value was estimated at US$53.5 billion in September, down 2% from the previous month, according to the General Department of Vietnam Customs. Of the sum, the export value was US$27 billion, down 0.8% and the total import value was US$26.5 billion, down 3.1%.
This brought the nine-month value to US$483.2 billion, a sharp increase of 24.4% over the same period in 2020, of which total export value was US$240.52 billion, up 18.8% and the total import value was US$242.65 billion, up 30.5%.
Vietnam's merchandise trade balance in September 2021 was estimated to have a surplus of US$500 million, thus narrowing the deficit to US$2.13 billion in the first nine months of 2021.
Main exports included crude oil, clinker and cement, wood products, raw materials for textile-garment and leather-footwear industries.
In September, the country's export of textile-garment and leather-footwear raw materials was US$150 million, up 1.9% over the previous month, totaling US$1.458 billion in the first nine months of 2021, up 22.2% year on year.
Key imports in September 2021 consisted of petroleum, down approximately 30% in volume and value from the previous month, and steel, up more than 17%.
The import of computers, electronic products and components; machinery, equipment, tools and spare parts dipped slightly. Automobile imports dropped particularly sharply by more than 38%.
The People’s Committee of the capital city held a dialogue with foreign-invested enterprises in the city on October 19 to seek measures to tackle difficulties faced by foreign firms amid the COVID-19 pandemic.
Decree 28 on financial management of public-private partnership (PPP) investment projects in Vietnam is controversial after half a year of practical application.
The Government tasked the Ministry of Planning and Investment to take prime responsibility and coordinate with relevant ministries and agencies in organizing the implementation of the agreement.
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The frequency of flights by each airline on each route will be increased by one per day on November 1 and 15 if the average seat occupancy of all airlines on the route during the previous 7 days reached at least 75 per cent.
1. Securities companies buying out bank bonds 2. EU-Vietnam free trade deal beginning to fulfil promise 3. Construction delays prompt public financing shake-up 4. Hanoi ready to welcome shift of FDI inflows 5. Capital city committed to support foreign-funded businesses ----and more news