China Trade Deficit

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    Vietnam Industry and Trade News Bulletin for January 18,2016

    ByVN Industry and Trade Bulletin

    A. OUTSTANDING GENERAL ECONOMIC NEWS 1. Banking and Finance • ATM Overload Solutions: To prevent ATM congestion during the Lunar New Year, banks are proactively delivering cash directly to factories to pay workers. • Interest and Exchange Rates: Deposit interest rates increased slightly (0.1–0.5%) for seasonal liquidity, but lending rates remained stable (6–9% for short-term). Exchange rates are forecasted to rise by 3–4%, while inflation expectations are at 6–7%. • Strict Credit Control: The State…

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    Vietnam Industry and Trade News Bulletin for JANUARY 04, 2016

    ByVN Industry and Trade Bulletin

    A. POSITIVE NEWS 1. Record FDI Attraction: Four “Billion-Dollar” Projects in 2015 According to the Foreign Investment Agency, total registered foreign direct investment (FDI) in 2015 reached nearly 23 billion USD, an increase of 12.5% compared to 2014. This marks the first time in seven years since the 2008 record that Vietnam has attracted such a large volume of FDI. 2. Trade Surplus with the US Reaches $25.5 Billion While Vietnam faced significant trade deficits…