Want to be in the loop?
VN ENJOYS $2.7B TRADE SURPLUS IN Q1
Việt Nam witnessed a trade surplus of nearly US$2.7 billion in the first quarter of this year, according to a report from the General Department of Customs. This far exceeds the previous estimated figure of the General Statistics Office of $1.3 billion.
The report revealed that export value in the first quarter reached $55.6 billion, up by $11.1 billion, or 24.8 per cent, year-on-year.
In Q1, there were more than 10 export commodities with a turnover of billions of dollars.
Key commodities that achieved high growth include phones and components of which export value reached nearly $12.6 billion, an increase of nearly $5 billion, or 62.3 per cent, over the same period of 2017.
Textiles and garments’ export value touched $6.4 billion, up 14.9 per cent; computers, electronic products and spare parts reached $6.3 billion, up 14.1 per cent; and footwear amounted to $3.4 billion, up 10.6 per cent.
Agriculture products also recorded high growth. Fishery’s export turnover was $1.8 billion, increasing by 17.6 per cent; vegetable and fruit $970 million, up 38.5 per cent; and rice $745 million, up 38.1 per cent.
The export turnover of coffee was estimated at $1 billion and ranked second in the group of agriculture products but was up only 0.1 per cent over the same period last year.
On the opposite site, import turnover in the first quarter reached $52.9 billion, with imports by the domestic sector touching $21.2 billion, and that of the foreign-invested sector was $32 billion.
“Why joining us?”: As you know, staying in touch with the latest leadership framework and investing in developing leadership capabilities for your organization should be one of the most important responsibilities as an Entrepreneur or Executives, but we leaders all have moments which we are caught up in the day to day business, can’t find the time, energy and mind to focus on what’s most important and getting things done. At HAWEE we decide to work together and find a way to move leaders forward.
The executive board for Bình Dương Smart City has agreed to begin implementation of the smart city project this year, according to Mai Hùng Dũng, standing vice chairman of Bình Dương People’s Committee.
Once operational, the project is set to churn out aircraft components for the world’s aviation market, and employ 1,200 skilled labourers in mechanics, electricity and automation, along with 2,000 others in the support industry.
The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Vietnam Association of Financial Investors (VAFI).
It will apply data display technology to present results from quantitative models and carry out independent research reports to create annual targets and five-year plans for local governments.
In January and February, foreign investors poured money into 18 fields, with processing and manufacturing attracting 6.93 billion USD, or 81.8 percent of total registered capital. Property ranked second with 478 million USD, 5.6 percent of the total.