Trade report between Vietnam and G20

Preliminary statistics latest we have collected showed that the total value of goods exchange between Vietnam and the countries of the group of major economies (G20) in the first 7 months of 2016 increased 3.6% compared to the same period last year and accounted for 77% of total exports and imports of the country.

The balance of trade between Vietnam and G20 countries in 7 first months, from 2013-2016

The export turnover of Vietnam's goods to G20 members’ market in the first 7 months of 2016 reached 75.22 billion dollars, up 9.4% from the same period of the previous year and accounted for 77.8% of total exports of the country.

The main reason for the increase in 7 months G20 / 2016 is due to the rise of the export value of some commodity groups such as telephones and accessories by 2.32 billion; computers and electronic products by 1.04 billion components; aquatic products 715 million dollars ...

In stark contrast, the total value of goods Vietnam enterprises imported from G20 countries' markets in the 7 months of 2016 was 73.20 billion dollars, down 1.7% compared with 7 month / 2015, and accounted for 77 , 3% of the total imports from the countries all over the world market.

The import value of Vietnam from the markets in the second quarter earlier this year fell by $ 1.24 billion compared with the same period last year. This is mainly due to the fall in imports worth of some key commodities as machines appliances and parts decreased $ 967 million; telephones and accessories decreased 449 million US dollars; Petroleum kinds 387 million reduction; iron and steel fell by 14 million ...

On the balance of trade in goods between Vietnam and G20 in the first 7 months of 2016: Contrary to the nearly $ 5.7 billion deficit leaning towards Vietnam in the 7 month / 2015, by the end of the month 7/2016 Vietnam had a trade surplus of $ 2.02 billion, equal to 2.7% of export turnover of Vietnam to this market.

The main export products: By the end of July 2016, two major Vietnam commodity groups exported to market G20 are telephones and accessories, and textile products accounting for roughly 34% total turnover of Vietnam to export to this market.

The main import commodities: Vietnam imported goods from this market are mostly essential goods, the input materials for production in countries such as machinery and equipment other spare parts; computers, electronic products and components; telephones and components; fabrics; iron and steel ... The group of 5 commodities accounted for more than 53% of the total import turnover of Vietnam from the G20.

About the partners in the G20: In 7 month / 2016, China continued to be the largest partner with a total value of goods traded between the two countries was 38.18 billion dollars, up 2.4% compared to the same period in before. Followed by the United States: 25.74 billion, up 10.6% and the EU: 24.87 billion, up 6.1%.

By Superthon95

Read More

Vietnam logistics report in first half of 2016

Maritime transport faces many difficulties by constantly falling rates

In general, the operations of the shipping business have faced many difficulties in the first half of 2016. The main reason is due to the imbalance, leading to excess vessels stiff competition, and continuous decline in freight rates.

According to the Vietnam Maritime Administration, in the first 6 months of 2016, the total output of the transport fleet by Vietnam implementation is estimated at 54.2 million tonnes, down 4% from the same period last year and reached 43% of year target 2016 (125 million tonnes). Business activities of enterprises Vietnam maritime transport remains generally difficult.

As reported by the Viettelcargo, in the first 6 months of 2016, the revenue from dry cargo fleet decreased by 16%, down 2% container fleet and tanker fleet came down 20% over the same period last year. At the same time, production and business efficiency of this sector also fell over the same period in 2015.

Such constraints were due to the imbalance, excess of vessel fleet that lead to stiff competition and freight rates was declining continuously. Chartering rates and time charter flights fell by 30-50% for the 2015. Besides, shipping foot lease in the region and international relatively thin, low freight rates. In addition, the technical condition of the fleet is not suitable for extraction in areas requiring high standards or distance itineraries having good rates.

For inland transport operations, the flag fleet Vietnam has undertaken nearly 100% of the domestic transport of goods by sea. Particularly for container ships, after the implementation of the direction of the Ministry of Transport (MOT) to restrict foreign participation in inland transport, the number of container ships for Vietnam inland transport combinning in Southeast Asia has increased by 36 ships.

In the first 6 months of 2016, output of goods through the port increased rapidly, reaching 4.7 million tons, equivalent to 45% of total production from the start-line deployment. The goods are transported on the coastal route mainly coal, slag, stone, earth, metal, fertilizers, cement, ore, fuel oil

Regarding fleet structure, by the end of the month 6/2016, Vietnam has a total of 1,898 ships with a total capacity of nearly 5:15 million GT, total tonnage of 7.98 million DWT. According to the data of the Vietnam Register, Vietnam currently has 1,458 seagoing vessels.

By superthon95

Read More