Although Vietnam’s balance of trade in the first eight months of the year stood at a surplus of US$2.8 billion, analysts warn about it returning to a deficit in the coming months. In August, there was a deficit of nearly $100 million.
The average consumer price index CPI in the nine months of 2018 rose by 3 57 percent year on year. At a press conference on September 28, GSO General Director Nguyen Bich Lam said CPI in September increased 0.59% from last month, 3.98% from the same period last year, and 3.2% from last December.
Prime Minister Nguyen Xuan Phuc arrived in New York on the morning of September 27 (Vietnam time) to attend the high-level general debate of the 73rd session of the UN General Assembly.
General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyễn Phú Trọng on Tuesday urged all-level trade unions to renew and improve the efficiency of their operations.
The Asian Development Bank (ADB) said on Wednesday it had lowered its 2018 economic growth forecast for Vietnam to 6.9 percent from 7.1 percent projected previously, partly due to an ongoing trade friction between the United States and China.
Mr. Hironobu Kitagawa, Chief Representative of the Japan External Trade Organization (JETRO), Hanoi Representative Office, tells VET about Japanese investment in Vietnam.
Vietnam could suffer collateral damage if Chinese businesses use made-in-Vietnam labels to avoid U.S. tariffs, experts warn. Economist Vu Dinh Anh said it is “highly possible” that Chinese businesses would seek to export their goods through Vietnam to the U.S. amid the trade war between the world’s two largest economies.
Vietnam is Canada’s largest trade partner in ASEAN. Despite the establishment of diplomatic ties in 1973, relations between the two countries have only recently strengthened.
Prime Minister Nguyen Xuan Phuc will lead a high-ranking delegation to the 73rd Session of the UN General Assembly in New York, the Ministry of Foreign Affairs has announced. The event will take place from September 25 - October 1 with the theme “Making the United Nations Relevant to All People: Global Leadership and Shared Responsibilities for Peaceful, Equitable and Sustainable Societies”.
Economic restructuring should be channelled more specifically to realise the socio-economic targets set by the National Assembly, not only for 2018 but also for the following years, said Minister of Planning and Investment Nguyen Chi Dung.
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