Vietnam - Trade deficit falls to $9.5 billion this year

Vietnam’s trade deficit is estimated at around $9.5 billion this year, down nearly 25 per cent from last year, said the General Statistics Office (GSO).

The import surplus made up only 9.9 per cent of the total export value and much lower than the set target of 16 per cent.

The GSO said that the country’s export turnover in December is nearly $9 billion, while import turnover is predicted to reach $9.6 million, up 2 per cent against the previous month.

As a result, Vietnam has earned nearly $100 billion from export this year, up 33 per cent compared to 2010, with key export items being garments and textiles, crude oil and footwear.

According to the GSO, the total import turnover is more than $100 billion, up nearly 25 per cent against last year. Key import items include machinery, equipment, oil and gas, electronics and components.

VOV

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