Vietnam runs trade deficit of $2.7 billion in five months

Created 31 May 2017
  • PDF
Editor Choice
(0 votes, average 0 out of 5)

Vietnam posted a trade deficit of nearly $2.7 billion this year to the end of May, equal to 1.7 percent of the country’s total export turnover.

Goods are unloaded up Sai Gon Port


According to the Vietnam Customs, the total import-export turnover in the first five months of this year was estimated at 161.28 billion USD, a year-on-year increase of 20.7 percent.

Of which, the export turnover hit 79.3 billion USD, up 17.4 percent, while the import turnover reached 82 billion USD, up 23.9 percent.

Among key export products, phones and spare parts brought home 16.05 billion USD, a yearly rise of 12 percent, while garment-textile products earned 9.4 billion USD, a year-on-year increase of 9 percent.

The import turnover of machinery, equipment, and components grew by 38.8 percent to top 15 billion USD, and that for phones and spare parts rose by 23.4 percent to reach over 5 billion USD.



Source: VNA

Maybe You Also Interesting :

» Agriculture sector targets USD40 billion in export turnover

The Ministry of Agriculture and Rural Development will strive to achieve agricultural growth of at least 3 percent and earn roughly USD40 billion from exports...

» An Giang targets US$840 mln in export turnover

The Mekong Delta province of An Giang has set to earn US$840 million from goods export in 2018, a year-on-year increase of 2.44%.

» Real estate association claims HCM City won’t face real estate bubble

The Ho Chi Minh City Real Estate Association (HoREA) predicted stable development for the city real estate sector and claimed that there would not be a real...

Popular News Categories:

- Asia & Asean  |  EU & Russia  |  America

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet