China usurped the U.S. as Vietnam's top export market last year The shift happened last year after the U.S. started adopting several trade protectionist policies, and China started boosting trade and investment in Southeast Asia, Bloomberg reportedlast week. The U.S. had been Vietnam’s top export market since 2002 before being taken down by China last year, Bloomberg said. Vietnam’s exports to China surged about 15 times to US$50.6 billion compared with a fourfold increase to the U.S. to US$46.5 billion in the decade through 2017, according to statistics from the International Monetary Fund, as cited by Bloomberg. The trend has persisted this year with Vietnam’s shipments to China increasing by 33.5 percent in Q1 compared to the same period last year, as opposed to a 20 percent jump to the U.S., according to data from the General Statistics Office of Vietnam. “The center of trade for Asia has clearly shifted to China from the U.S.,” said Eugenia … [Read more...] about China usurps US as Vietnam’s top export market: report
Tops friendly markets niagara falls ny
China usurps US as Vietnam’s top export market
China has overtaken the U.S. to become Vietnam's biggest export market, according to reports. The shift happened last year after the U.S. started adopting several trade protectionist policies, and China started boosting trade and investment in Southeast Asia, Bloomberg reported on Wednesday. The U.S. had been Vietnam’s top export market since 2002 before being taken down by China last year, Bloomberg said. Vietnam’s exports to China surged about 15 times to $50.6 billion compared with a fourfold increase to the U.S. to $46.5 billion in the decade through 2017, according to statistics from the International Monetary Fund, as cited by Bloomberg. The trend has persisted this year with Vietnam’s shipments to China increasing by 33.5 percent in Q1 compared to the same period last year, as opposed to a 20 percent jump to the U.S., according to data from the General Statistics Office of Vietnam. “The center of trade for Asia has clearly shifted to China … [Read more...] about China usurps US as Vietnam’s top export market
US remains top apparel market
US remains top apparel market (12-05-2009) A production line at Hue Garment and Textile Joint Stock Company. This year, the company plans to earn an export turnover of about US$15 million from Japan, the US and EU. — VNA/VNS Photo Quoc Viet HA NOI — US has remained Viet Nam’s largest apparel export market despite the economic slowdown, deputy general secretary of the Viet Nam Textile and Apparel Association, according to Nguyen Son. Son said that though Viet Nam’s apparel exports to the US in the first quarter of the year declined about 4 per cent, total export turnover to the market in the first four months of the year increased 2 per cent from the same period last year. With the increase, Viet Nam became one of four countries worldwide to see a growth in apparel exports in the first four months of the year, Son said. The reduction in the first quarter was attributed to the US recession, Son said, adding that most other major apparel exporters suffered … [Read more...] about US remains top apparel market
China Becomes Hanoi’s Top Tourism Market in October
China Becomes Hanoi's Top Tourism Market in October China was named the first among countries and territories having most visitors to Hanoi, the capital city of Vietnam in October, showing a good signal after a long slump, the municipal department of tourism announced. In the month, the city welcomed 88,900 vacationers from China, making up 14.8 per cent of the total number of international tourists to Hanoi. This was attributable to the efforts of the city's tourism sector, including the launch of a sea route from China to the World heritage site of Ha Long Bay in the northern coastal province of Quang Ninh. Australia and South Korea came next with 10.3 per cent and 10.2 per cent, respectively. Japanese visitors accounted for 8.7 per cent of the figure; French, 6.8 per cent, and American 6.5 per cent. The city's tourism service is also getting ready for the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in Hanoi in mid- November. It has printed 3,000 … [Read more...] about China Becomes Hanoi’s Top Tourism Market in October
Emotional journey for Niagara Falls students in Vietnam
Joelle Schonberg started the day making springrolls and other traditional Vietnamese fare and ended it by mixing massive amounts of concrete. "I did things I never thought I'd do," said the 16-year-old Stamford Collegiate student. Schonberg was one of nine students with the District School Board of Niagara who travelled to Vietnam recently to take part in the annual DSBN international (DSBNi) home build. With average temperatures of 38°C, the teens put in 12-hour days to build a better home, and a better life, for a family in the small community of Cho Gau in southern Vietnam. "We basically started from scratch when we arrived," Schonberg said. "It's amazing how much we were able to accomplish and it showed me the passion that I have for helping people," she said. Her mother said the program was a wonderful opportunity for young people. "Now she wants to go out and make a difference in the world and we're delighted with that," said Wendy Schonberg. Over a ten-day … [Read more...] about Emotional journey for Niagara Falls students in Vietnam