Friday, December 9, 2022 3:25:21 AM - Markets open
VN-INDEX 1,050.53 +9.51/+0.91%
HNX-INDEX 215.37 +5.44/+2.59%
UPCOM-INDEX 71.62 +1.17/+1.66%
Official: Vietnam could achieve trade balance this year
VietNamPlus - 10/1/2021 2:08:08 PM
 (0 ratings. You must sign in to rate.)
Vietnam could achieve trade balance, or even a trade surplus this year, deputy head of the Ministry of Industry and Trade’s Agency of Foreign Trade Tran Thanh Hai told a regular press conference of the ministry in Hanoi on September 30.
 
In September, the country earned 27 billion USD from exports, down 0.8 percent month-on-month and 0.6 percent year-on-year. It was also the second consecutive month that exports declined from the same period last year.
 
However, the nine-month figure still showed an 18.8 percent increase year on year to an estimated 240.5 billion USD.
 
Meanwhile, import was estimated at 26.5 billion USD in September, down 3.1 percent monthly, but the nine-month figure hiked by 30.5 percent annually to 242.65 billion USD.
 
Given such situation, Vietnam ran a trade surplus of 500 million USD in September and a deficit of 2.13 billion USD in nine months of this year.
 
According to Hai, the current trade deficit is not a cause for concern, considering that trade deficit dropped to 100 million USD in August after topping 2 billion USD in July, and September saw the return of trade surplus. 
 
Vietnam’s exports are in favourable conditions thanks to opportunities from free trade agreements and rising market demand during year’s end, especially for goods of the country’s strength. Therefore, if there is no major change in the pandemic situation, export activities in southern localities are expected to regain speed in the last quarter of the year, helping balance trade, and even bring a trade surplus, he said./. 
 
VNA
 
Read original article here
 
Newer News
07/12 Banks admitting weak ones proposed to get higher foreign ownership restrictions
29/11 VPBank receives loans from large financial institutions, affirming its reputation
29/11 Banks gain big profits from forex trading
29/10 Most banks expect better business performance in 2022
24/10 Challenges for banks in recovering bad debts
13/10 Increased pressure to raise interest rates
07/10 Investors warned of the possibility of corporate bond default
28/09 Commercial banks raise deposit rates after SBV’s adjustment
28/09 Foreign investment disbursement hits record high in nine months
23/09 Reference exchange rate up 8 VND
Older News
27/09 Businesses’deposits at banks surge : Is it good or bad ?
23/09 Reference exchange rate up 7 VND on September 23
21/09 Finance Minister affirms State budget sufficiency
17/09 Reference exchange rate up 9 VND
13/09 Reference exchange rate down 5 VND at week’s beginning
11/09 Banks tighten loans for real estate businesses
08/09 State Bank agrees to extend debt rescheduling for six months
08/09 Banks continue lower deposit interest rates
06/09 Reference exchange rate down 3 VND after National Day holiday
23/08 Reference exchange rate up 11 VND at week’s beginning
 
Newsletter Signup
Top Stories
PM asks to foster macroeconomic management, firm up confidence of people and businesses
Banks gain big profits from forex trading
Pharmaceutical firms report positive results in Q3
Petrol prices surge in latest adjustment
Investors worried as speculative stocks plummet
Market Update
Last updated at 3:05:04 PM
VN-INDEX 1,050.53 +9.51/+0.91%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
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.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
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.