Vietnam recorded a trade deficit of more than 3 billion USD, despite an increase in exports, in the first five months of 2015, according to the most recent statistics released by the Vietnam Customs agency. In the period, total exports were valued at 63.45 billion USD, a 7.7 percent increase, equivalent to 4.55 billion USD, on a yearly basis. In terms of imports, the total value reached 66.5 billion USD, up by 16.4 percent or 9.36 billion USD. As a result, there was a 3.05 billion USD deficit in trade in the first five months of 2015. Total import –export turnover for the period reached 129.94 billion USD, up 12…
Vietnamese lychee meets Canadian standards
High-quality Vietnamese lychee meets the standards of the Canadian market, according to a Canadian importer. Rex Yu from Manley Sales Company, who imported the first batch of Vietnamese lychee on June 10, told Vietnamese News Agency correspondents that Vietnamese lychees meet quality requirements of the Canadian Food Investigation Agency (CFIA). He expressed his hope that Vietnamese lychee would secure a share in the Canadian market as Vietnamese fresh dragon fruits and longan have, both of which are currently imported by his company. The company plans to distribute Vietnamese lychee across the country, from British Columbia on the west coast to Quebec on the east coast, within a week. The Vietnamese…
The free trade agreement between Vietnam and the Eurasia Economic Union (EAEU) was signed in Burabai,
Kazakhstan on May 29 after more than two years of negotiation, opening up a new chapter in the partnership between Vietnam and the union as well as each EAEU member in particular. The deal was inked by Prime Minister Nguyen Tan Dung and leaders from EAEU members – Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan – as well as the Chairman of the Board of the Eurasia Economic Commission. Launched in Vietnam on March 28, 2013, the comprehensive and highly-committed agreement regulates issues related to goods trading, origin principle, trade remedies, investment, intellectual property, legality and institution, among others. Once it becomes effective, two-way trade between Vietnam and the EAEU is…