Sign in
|
Register
International Edition
Home
Business & Finance
Investing Tools
News
Live Quote:
On
RSS
My Page
|
Contact Us
RSS
Markets
|
Industries
|
Stocks
|
Analysis Reports
|
Expert Ideas
|
World Indices
|
Currencies
|
Commodities
RSS
Company A-Z
|
Stock Screener
|
My Portfolios
|
Streaming Quotes
|
Technical Analysis
RSS
Markets
|
Companies
|
Banking & Finance
|
Economy
|
Real Estate
|
International
Quotes
News
Reports
Investing Tools
Company A-Z
Company Search
Stock Screener
Portfolios
Trigger Alerts
Technical Analysis
Live Terminal
Mobile Tools
Useful Links
My Profile
My Favorites
Friday, April 26, 2024 3:32:05 AM
-
Markets open
VN-INDEX
1,204.97
-0.64/-0.05%
HNX-INDEX
227.57
-0.30/-0.13%
UPCOM-INDEX
88.33
-0.04/-0.05%
Processing makes big gains
Vietnam News - 8/7/2015 5:09:05 PM
(
0 ratings. You must sign in to rate.
)
Print
|
Add To Favorites
|
Email
|
RSS
The processing industry earned approximately US$71.9 billion from exports in the first 7 months of 2015, up 18.7 per cent from last year and contributing 77.9 per cent of Viet Nam's total export revenue, reported an official from the Ministry of Industry and Trade (MOIT).
In a conference on Monday, Head of the MOIT's Planning Department Nguyen Tien Vy said that products with export growth include cattle feed (up 16 per cent), plastic (11.3 per cent), footwear (22.3 per cent), and phones & components (28.2 per cent). Goods seeing dropping export earnings were seafood (down 15 per cent), coffee (33 per cent), rice (8.7 per cent) and iron & steel (15.7 per cent).
The ministry's report on trade and export revealed that the country shipped abroad $14.5 billion worth of goods in July, a 1.2 per cent increase from the previous month and 10.8 per cent against the same period last year. The figure has brought export revenue over the past seven months to roughly $92.3 billion, up 9.5 per cent year on year.
Trade deficit
The trade deficit hit $300 million in July and nearly $3.4 billion in the seven month period, equal to 3.7 per cent of total exports.
The devaluation of the euro has fuelled imports of many overseas materials.
According to the MOIT, the monthly export revenue amounted to an average of $13.18 billion during the period. For the remaining months, the country needs to boost its monthly export earning to $14.5 billion to meet its target of 10 per cent growth this year.
The Index-Industry Products (IIP) of the first seven months rose by 9.9 per cent annually with several key contributors including the processing and manufacturing sector (up 10.1 per cent), mining (9.2 per cent), power production and supply (11.5 per cent), and water supply and waste-wastewater treatment (7.1 per cent).
Industries with high growth include mobile phones (up 56.9 per cent), automotives (57.8 per cent) and oil and petroleum (37.9 per cent).
Newer News
24/04
VN's economy forecast to grow by 5.5 per cent in 2024
24/04
EVN seeks PM's solutions for solving challenges in PPA negotiations
24/04
Standard Chartered revised down Việt Nam’s 2024 GDP growth forecast to 6%
24/04
Vietnamese PM outlines three key breakthroughs for ASEAN's path to digital excellence
19/04
VN's exports $25.77 billion to the US in Q1
17/04
Vietnamese airlines boost capacity amid holiday rush despite aircraft shortage
16/04
Private sector contributes 45% of GDP
12/04
Việt Nam’s growth projected at 6% in 2024 with policy adjustment: AMRO
12/04
Public investment projects: big push for construction materials sector
10/04
Việt Nam's exports to India maintain growth momentum
Older News
07/08
Automobile sales soar by 60 percent in July
07/08
Samsung Display to invest extra $3 bln to boost Vietnam output: source
07/08
Foreign shipping lines still dominant
07/08
Viet Nam ranks high in M&A
06/08
What’s up with Vietnam’s valuation gap?
06/08
ACV likely investor of Long Thanh Airport
06/08
Vinacomin: Sufficient coal supplies for power plants
05/08
EU, Vietnam reach deal on free trade
04/08
Deep cut made in gasoline prices
03/08
FDI forecast points towards deluge
Newsletter Signup
*
*
Top Stories
Businesses concerned about rising exchange rate pressure
Gold bar auction to be resumed after 11 years of suspension
PM Chính requires strengthened gold market management
Bank shareholders to receive high dividends, stock bonuses
Shares sustain gains on strong investor confidence
Market Update
HOSE
HNX
UPCOM
World
Last updated at
3:05:00 PM
VN-INDEX
1,204.97
-0.64/-0.05%
Top 5 Actives
Top 5 Gainers
Top 5 Losers
Market Overview
My Favorite Quotes
Recent Quotes
Portfolio Summary
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Current value:
Total gain/loss:
/
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
Choose a sector
Basic Materials
Industrials
Consumer Goods
Health Care
Consumer Services
Utilities
Financials
Technology
Oil & Gas
Telecommunications
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple
Portfolios
to help you better manage your investments.
Trigger Alerts
Get up-to-date
alerts
delivered directly to your email address.
Stock Screener
Allow you to
filter the market
and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME
streaming quotes
for hundreds of stocks from HOSE, HNX and UPCOM exchanges.