Home / Knowledge / News / Controlled imports reduces trade deficit
Controlled imports reduces trade deficit
16
Aug '08
Sources from Ministry of Industry and Trade depicts that trade deficit control measures have proved beneficial, as import value of the country for the current year, is expected to be US $80.2 billion, which shows reduction of $4.8 billion.

Moreover import of essential products such as fuel, machines and equipment will reach $63 billion value wise, indicating rise of 28.4 percent compared to 2007. But because of low demand, import has decreased compared to previous forecast.

Import value of machine, equipment and spare parts are anticipated to touch $12.5 billion, which is lower than previous forecast $1 billion.

For other products, low demand and high price has resulted into reduction of $12.5 billion in import value.

Market experts are quite pleased with this type of change in trade scenario as Vietnam, by and large, depends a lot on imports of raw material for its local production.

Fibre2fashion News Desk - Vietnam

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search