The total value of the whole country’s exports reached $9.2 billion, marking a slight decrease of $71 million compared to the same period in 2018. Meanwhile the total import value reached nearly $10.2 billion, an increase of $646 million. The nation’s trade deficit in the period, after recording a trade surplus of nearly $6.8 billion in 2018, was likely due to the import activity leading up to the Lunar New Year. The holiday causes reduced production and exports coupled with a rise in imports to meet domestic demand. During the first 15 days of the year, three goods categories recorded an export value of at least $1 billion, including textiles and garments, telephones and computers and electronic products. The number of export goods did not increase compared to the same period in 2018, and telephones saw a significant reduction in export value, according to the department. Export value of those products reached $1.3 billion in the first 15 days of this year while it was … [Read more...] about Vietnam records US$1 billion trade deficit in first half of Jan
Us japan trade deficit
Vietnam records 1 billion USD trade deficit in first half of Jan
A shipping yard Hai Phong port. Vietnam had a trade deficit of about 1 billion USD in the first 15 days of this year. (Photo: baohaiquan.vn) Hanoi (VNS/VNA) - Vietnam had a trade deficit of about 1 billion USD in the first 15 days of this year, according to the General Department of Customs. The total value of the whole country’s exports reached 9.2 billion USD, marking a slight decrease of 71 million USD compared to the same period in 2018. Meanwhile the total import value reached nearly 10.2 billion USD, an increase of 646 million USD. The nation’s trade deficit in the period, after recording a trade surplus of nearly 6.8 billion USD in 2018, was likely due to the import activity leading up to the Lunar New Year. The holiday causes reduced production and exports coupled with a rise in imports to meet domestic demand. During the first 15 days of the year, three goods categories recorded an export value of at least 1 billion USD, including textiles and garments, … [Read more...] about Vietnam records 1 billion USD trade deficit in first half of Jan
Việt Nam records $1b trade deficit in first half of January
A shipping yard Hải Phòng port. Việt Nam had a trade deficit of about US$1 billion in the first 15 days of this year. - Photo baohaiquan.vnViet Nam News HÀ NỘI – Việt Nam had a trade deficit of about US$1 billion in the first 15 days of this year, according to the General Department of Customs. The total value of the whole country’s exports reached $9.2 billion, marking a slight decrease of $71 million compared to the same period in 2018. Meanwhile the total import value reached nearly $10.2 billion, an increase of $646 million. The nation’s trade deficit in the period, after recording a trade surplus of nearly $6.8 billion in 2018, was likely due to the import activity leading up to the Lunar New Year. The holiday causes reduced production and exports coupled with a rise in imports to meet domestic demand. During the first 15 days of the year, three goods categories recorded an export value of at least $1 billion, including … [Read more...] about Việt Nam records $1b trade deficit in first half of January
VN eyes US$ 3 billion trade deficit in 2019
The MoIT convened a summary meeting on January 17 in Ha Noi to review outstanding performance in 2018 and set goals for 2019. Unprecedented record export turnover Addressing of the event, Minister of Agriculture and Rural Development Nguyen Xuan Cuong assessed that a large number of industrial breakthroughts emerged besides oil and gas production and outstanding enterprises included Truong Hai 2 automobile manufacturer and Vinfast electric motorcycle brand. In addition, industrial economic structure progressed drastically. Trade sector also witnessed the unprecedentedly record export turnover of US$ 245 billion amidst global economic difficult time. Noticably, all large markets namely the EU, the U.S, Japan, and China expanded positively. Moreover, Viet Nam had 30 commodities with over US$ 1 billion of export turnover. In 2018, total trade turnover was estimated at US$ 482 billion, representing a year-on-year growth of 12.64%. Deputy … [Read more...] about VN eyes US$ 3 billion trade deficit in 2019
Vietnam records trade deficit with Japan
Vietnam records trade deficit with JapanBy Trung Chanh A farmer in the Mekong Delta province of Tien Giang harvests dragon fruit – PHOTO: TRUNG CHANH CAN THO – Vietnam is currently in a trade deficit with Japan, despite strong bilateral trade in recent years, announced an official from the Vietnam Trade Promotion Agency (Vietrade) at a seminar in the Mekong Delta province of Can Tho on September 14. Vietrade partnered with the ASEAN Promotion Centre on Trade, Investment and Tourism and the Can Tho Promotion Agency to organize the seminar aimed at promoting agricultural and seafood products to Japan. Two-way trade between the two countries had risen to more than US$33.8 billion in 2017 from the 2011 figure of US$21.18 billion. The number increased by 12% to US$20.93 billion in the first seven months of this year, according to Nguyen Manh Hung, head of the International Relations Department at Vietrade. Hung noted that Vietnam had earlier witnessed a trade surplus … [Read more...] about Vietnam records trade deficit with Japan