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Thursday, 28 April 2011 14:40

Textile material imports surge

The nation spent US$ 670 mil on textile material import in the first 2 months of this year, doubling against 2010. Local firms imported US$ 64,000 tons of cotton worth US$ 184 mil, up 14.4% and 103% year on year respectively. (Saigon Times Daily 11/03/07)

 

Brake set for public spending

The National Assembly is urging the government to further tighten the screws on public spending this year as the country struggles to rein in inflation and ensure macroeconomic stability. Vietnam’s state budget overspending in 2010 was US$ 5.473 bil) or some 5.6% of GDP. Such rate was high given the country’s insecure financial position. (Vietnam Investment Review, 21-27/03/2011)

 

Luxury imports continue to flood market

Luxury goods including high priced cars and motorbikes, cosmetics, mobile phones, and alcoholic beverages continue to be imported despite a package of measures unveiled by the Gov last month to reduce the trade deficit. The goods subject to import restrictions in Vietnam include tobacco, automobiles, motorcycles and spares, consumer goods, alcoholic beverages and cosmetics. However, it was difficult to limit the import of luxury goods since the country had to cut tariffs as committed under the WTO roadmap. (Vietnam News, 21/03/2011)

 

Contact person : Mrs. Thu Van

 

Last Updated ( Thursday, 28 April 2011 15:13 )
 

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