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Posts Tagged ‘turnover’

Vietnam-Germany trade turnover sees sharp increase

In Uncategorized on November 7, 2010 at 1:20 pm

Export turnover to Japan keeps rising

In Vietnam Economy on March 15, 2010 at 6:26 pm

Export turnover to Japan keeps rising

QĐND – Monday, March 15, 2010, 20:56 (GMT+7)

Vietnam’s export turnover to Japan has so far reached over US$1.7 billion thanks to tax incentives from the ASEAN-Japan Comprehensive Economic Partnership (AJCEP) that officially came into effect in December 2008.

Mr.Tran Ba Cuong, Head of the Department of Goods Origin and Quality under the Ministry of Industry and Trade (MoIT), said this figure accounts for 27.81% of the Vietnam’s total export turnover to Japan, of which textile-garment products top the list with a turnover of nearly US$955 million, followed by electric wire and cable products with a total value of around US$630 million.

Mr. Cuong commented that AJCEP in April will continue to carry out tax reductions for several kinds of Vietnamese goods such as aquatic, vegetable, footwear products…

Source: TTO

Translated by Vu Hung

Source: QDND

Export turnover reaches US$8.9 billion

In Vietnam Economy on March 3, 2010 at 3:38 am

Export turnover reaches US$8.9 billion

QĐND – Tuesday, March 02, 2010, 22:28 (GMT+7)

Exports nationwide gained US$3.9 billion in February, raising the total figure of turnover in the first two months of this year to over US$8.9 billion, matching the same period in 2009.

According to the Ministry of Industry and Trade, exports in January-February showed optimistic signs. Many exports increased sharply against the same period last year, including crude oil (by 74 percent), coal (by 45 percent), rubber (by 86 percent) and rice (by 24 percent).

In February alone, imports gained US$4.7 billion, raising the turnover in the first two months of this year to US$10.65 billion, an increase of 40 percent compared to the same period in 2009.

In general, imports of raw materials and fuel climbed sharply, showing that the economy is stabilizing and production is expanding.

Source: VOV

Source: QDND

Stocks unchanged amid record turnover

In Vietnam Stock Market on September 23, 2009 at 11:34 am

The Ho Chi Minh Stock Exchange inched down on Wednesday, with trading volume and value hitting an all-time high.

VN-Index, the gauge of 174 stocks on Vietnam’s main stock exchange in HCMC, lost marginally 0.74 points, 0.13 percent, to close at 582.11. Among its members, 84 stocks advanced and 65 declined.

Turnover surged to around 92 million shares worth VND4.43 trillion, both record levels on the exchange.

Licogi 16 Joint-Stock Co. (LCG), a Ho Chi Minh City-based builder and property developer, dropped for the first time in four days, trimming 2.8 percent, to VND88,000.

Locogi plans to issue 4.6 million additional shares by the year’s end, according to a company statement on the exchange’s website.

Vietnam Sun Corp. (VNS), a provider of travel services, fell 1.9 percent, to a 13-day low of VND50,500.

The HCMC-based company has agreed to raise its pay to its drivers after they complained that higher fuel costs were cutting their incomes, Vietnam Sun said on the bourse’s website. The company will raise drivers’ pay 2.5 percent, the statement said. The increase will bring up the company’s costs.

Saigon Telecommunication & Technology Corp. (SGT), an Internet and software-services provider, jumped 4.6 percent, the biggest gain in five weeks, to VND25,000.

The company, known as SaigonTel received a VND1.5 trillion (US$84 million) loan to accelerate a $1.2 billion software park project, according to a company statement on the exchange’s website.

Lilama 10 Joint Stock Co. (L10 VN), rallied for a fourth day, climbing 4.9 percent, to VND27,700, the highest since March 17, last year. The Hanoi-based machinery producer has won a VND157 billion contract to provide equipment and upgrade electricity generators to the Thac Bac hydropower plant, according to a statement on Thac Ba’s website.

Huu Lien Asia Corp. (HLA), the fourth-biggest listed steel company on the bourse, advanced 4.9 percent, to a record high of VND36,700.

BIDV Finance Investment Co. will buy 300,000 shares to raise its holding in Huu Lien to more than one million shares, 5.5 percent, from less than four percent at the present, according to the exchange’s website.

The HNX-Index of the smaller exchange in Hanoi made a contrast move, edging up 1.45 points, 0.81 percent, to finish at 181.08.

At the unlisted stock exchange UPCoM, the UPCoM-Index also rose slightly 0.47 points, 0.71 percent, to 66.63 as of 11 pm.

Source: SGGP

Eight-month export turnover hits 43.3 billion USD

In Uncategorized on August 25, 2008 at 11:44 am

Hanoi (VNA) – Vietnam ’s export turnover in the first eight months of this year reached 43.3 billion USD, a year-on-year increase of 39 percent, the General Statistics Office (GSO) reported.

Nine products in the “one-billion USD” club have fulfilled their targets, according to the GSO.

Crude oil continued to retain its top place, fetching 7.88 billion USD between January-August. It was followed by garments and textiles with a value of 6 billion USD, up 20 percent from the same period a year ago.

The export of other industrial products also enjoyed high growth rates, with footwear hitting 3.16 billion USD; electronic appliances and computers, 1.66 billion USD; wood furniture, 1.8 billion USD; and rubber, 1.04 billion USD.

Farm produce made a breakthrough in export turnover during the reviewed period. Seafood saw a three-year record rise of 20.8 percent to reach nearly 2.9 billion USD, while rice brought home 2.24 billion USD and coffee, 1.54 billion USD, respective year-on-year increases of 96 percent and 9 percent.

Despite positive export growth, trade deficit remains burden on the country’s trade balance as it climbed up to 16 billion USD, equal to 37 percent of the total export turnover.

The GSO reported that Vietnam ’s eight-month import value was estimated at 59.3 billion USD, up 54 percent from the same period last year. Of the amount, the domestic sector imported more than 40 billion USD worth of products and the foreign-invested sector, 19.2 billion USD, posting year-on-year rise of 65.4 percent and 41.3 percent, respectively.

The Ministry of Industry and Trade said it will take comprehensive measures in the year-end months to curb trade deficit alongside with stabilising the domestic market and ensuring the supply-demand balance of essential goods.

Besides efforts to boost exports, the ministry will also work to improve pricing forecast in the context of the world market’s strong fluctuations.-