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NEWS UPDATES Asean Affairs        23  June 2011

Hanoi trade deficit hits $8.3b in first half

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Hanoi’s trade deficit hit roughly US$8.3 billion during the first half of the year, nearly double the number of its exports, despite efforts by relevant authorities to restrict the trade gap.

The Ha Noi Statistics Office (HSO) reported that the capital gained $4.26 billion from exports during the first half of the year, an increase of 17.2 percent against the same period last year. It spent up to $12.5 billion on imports, an increase of 23 percent.

As part of the total import value, materials and equipment accounted for $5.9 billion, an increase of 31.1 per cent. The capital disbursed a further $3.6 billion on the import of petrol and oil.

As for exports, computer parts and peripheral devices made up the largest part of the capital's export turnover of nearly $713 million, a 13.4 per cent increase compared to the same period last year. Textiles brought in $483 million, an increase of 17.1 per cent.

Exports by private firms were reported to have reached a growth rate of 28.1 per cent during the period while State-owned firms reached a rate of 16.7 per cent and foreign invested firms, 13.9 per cent.

In addition to maintaining its presence in traditional markets, the city also plans to boost its exports to Africa and Eastern Europe.

The HSO reported that the capital attracted 140 foreign-invested projects in the first half of the year, total registered capital reaching $875 million, a 6.7 times increase against the same period last year.

Of the total, $414.4 million came from 107 newly-licensed projects and $460.7 million from 33 existing projects.


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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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