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PICTURE TWO MONTHS ON EXPORT INITIATIVE
16/11/2022

Trade recovered after a lull period . The expectation growth reached double digits in 2014 with apparel and footwear leader.

According to economic observers abroad , just a few indicators that can paint a clear picture of economy . Take the example of the bad debt ratio . This rate in Vietnam has declined from 4.6 in May 9/2013 to 3.6 in the month of 2/2014 . This is seen as a positive for the risk that the financial system is facing . However, representatives of the State Bank of Vietnam (SBV ) also commented that the NPL ratio of the banking system may increase 9 % - 11 % if the loan classification for loans not be taken into account by Decision 780/QD-NHNN , effective in 4/2012 . Decision 780 states: internal and foreign banks need not classify the loan as a bad debt if the adjusted repayment periods and debt rescheduling to help the borrower has the ability to settle . Meanwhile , Circular 02 requires strict classification of bad loans and the expected introduction in the month 6/2014 after 1 year delay . But expectations are revised circular to ease the classification of bad loans .
 
Most predictions are positive that Vietnam is a country most benefit from the Agreement Trans-Pacific Partnership ( TPP ) with access to the U.S. market and enjoy the lower tax rate for the present from domestic production . In terms of per capita GDP , Vietnam 's poorest economy in the 12 countries participating in the negotiations. But Vietnam's ambitions for this agreement is very clear - there is more work to bring stability to the workforce and improving access to markets , while promoting the manufacturing sector ahead front .
 
 
While waiting for new moves in the next negotiating session of TPP , the world exporters continue " sprint " . The first two months of 2014, export turnover was estimated at more than USD 21.06 billion , up 12.3 % over the same period , although demand declined in China and unusually cold climate in the U.S. has pulled demand consumption goes down . Partner major importer of Vietnam will come from Europe and America .
 
Export growth showed that foreign demand for goods "made in Vietnam " to continue strong . Exports of electronic goods fell by the price index is not favorable , but the textile and apparel goods are rising again . Sure export growth will be better when agricultural products ( especially coffee ) recovery , as well as investment demand in textile manufacturing countries of the West are increasingly bright .
 
Imported inputs rose sharply in 2014, compared to two years ago ( see chart ) . Imports of cotton fabric , garment materials , accessories, clothing , machinery and spare parts also follow momentum fast . If foreign demand slowing, import growth started in the same order more inventory shows that there is more output oriented bright future . In addition , FDI inflows will still balance the weakness of foreign demand .
 

Li Huai
Sources ' Electronics Industry and Trade Report "
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