All substandard three and four-wheel vehicles operating on Hanoi streets will be confiscated from July 1 this year, according to the municipal Department of Transport. All substandard three and four-wheel vehicles operating on Hanoi streets will be confiscated from July 1 this year (photo by NLD) The Hanoi Department of Transport said the agency will licence and provide certificates of registry for standard self-modified three-and four-wheeler vehicles by owned by war veterans to carry goods. Wounded war veterans are allowed to use one vehicle of this kind which meet technical standards. From July 1, all three and four-wheeler vehicles which fail to meet required standards will be banned. The department reported that to date only 30 three-wheelers owned by wounded war veterans have been licensed to operate in Hanoi to carry goods, with the remainder operating completely illegally. As of mid-May, up to 4,367 people in Hanoi used three and four-wheeler vehicles Tien … [Read more...] about Unlicensed 3 wheeled vehicles to be banned in Hanoi
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Agro-forestry and fisheries exports pick up despite falling prices
Garments top export list Vietnam tops the list of pepper exporters The Ministry of Agriculture and Rural Development says that the growth was thanks to an increase in export volume to make up for a decline in prices in most consumer markets. Exports of agricultural products were estimated at US$7.7 billion (up 9.6 percent); seafood at US$2.9 billion (up 10.6 percent) and forestry products at US$2.3 billion (up 22.9 percent). But all of seven key agricultural products, except pepper, have gone down in price. In the first two quarters of this year, Vietnam shipped 3.7 million tonnes of rice and earned US$1.7 billion, down 8.8 percent in volume and 13.5 percent in value. The average rice price was US$464 per tonne, down 5.7 percent. By far, China has been the largest importer of Vietnamese rice, followed by Malaysia, with imports rising almost 20 percent compared to a year earlier. With the average coffee price of US$2,090 per tonne, US$94 lower than last year’s figure, the … [Read more...] about Agro-forestry and fisheries exports pick up despite falling prices
VN posts $3.52b trade surplus in 10 months
HA NOI (Biz Hub) - Viet Nam posted trade surplus of US$3.52 billion in the first 10 months of this year, even though the country's exports were affected negatively by Samsung's Galaxy Note 7 recall. The General Statistics Office (GSO) reported that the country's export revenue in the period rose 7.2 per cent to $144.1 billion, of which Vietnamese firms made up $41.4 billion, up 4.9 per cent, while foreign invested firms contributed $102.7 billion, up 8.1 per cent. The rise was thanks to the increasing export value of some key export staples, such as textile and garments, computers and electronic products, equipment and machines, footwear and seafood. Textile and garment exports in the 10 months were valued at $19.9 billion, up 5.2 per cent against the same period last year. Computers, electronic products and equipment also contributed $14.79 billion to the country's total export revenue thanks to a surge of 15.6 per cent. Footwear and seafood also rose 6.9 per cent and 6.5 per cent to … [Read more...] about VN posts $3.52b trade surplus in 10 months
Nov trade deficit narrows to $3.8b
A worker at Hanam Textile Company prepares fiber reels for export. Garment and textile exports rise 9.1 per cent during the first 11 months of this year. — VNA/VNS Photo Tran Viet HA NOI (Biz Hub) — Viet Nam's trade deficit narrowed to US$3.8 billion in the first 11 months of this year, from the $4.1 billion recorded for the first 10 months. According to the General Statistics Office (GSO), the reduction was thanks to an $18.8 billion trade surplus achieved by foreign direct investment (FDI) enterprises, compared to a $15 billion deficit generated by domestic businesses during 11 months. So far this year, export revenues have totalled about $148.71 billion, up 8.3 per cent over the same period last year. Exports by FDI companies hit $105.10 billion, a year-on-year increase of 13.5 per cent, while those by local firms reached $43.6 billion, a year-on-year decline of 2.1 per cent. The FDI sector posted high turnover for most of its major exports. For example, telephones and … [Read more...] about Nov trade deficit narrows to $3.8b
Agro-Forestry, Fisheries Exports Pick Up Despite Falling Prices
Agro-Forestry, Fisheries Exports Pick Up Despite Falling Prices Agro-forestry and fisheries exports were estimated at US$2.5 billion in June, bringing the total export value in the first half of this year to US$13.67 billion, up 14.5 percent over the same period last year. The Ministry of Agriculture and Rural Development says that the growth was thanks to an increase in export volume to make up for a decline in prices in most consumer markets. Exports of agricultural products were estimated at US$7.7 billion (up 9.6 percent); seafood at US$2.9 billion (up 10.6 percent) and forestry products at US$2.3 billion (up 22.9 percent). But all of seven key agricultural products, except pepper, have gone down in price. In the first two quarters of this year, Vietnam shipped 3.7 million tonnes of rice and earned US$1.7 billion, down 8.8 percent in volume and 13.5 percent in value. The average rice price was US$464 per tonne, down 5.7 percent. By far, China has been the largest importer … [Read more...] about Agro-Forestry, Fisheries Exports Pick Up Despite Falling Prices