VOV.VN - Vietnam’s export industries posting a trade deficit over the opening five months of the year is not a worrying sign as most imported items are raw materials necessary for production, especially for the group of export goods, according to industry insiders.

VOV.VN - The country recorded a trade deficit of US$369 million during the past five months of the year despite enjoying a trade surplus, according to data released by the General Department of Vietnam Customs.

VOV.VN - In the first four months of 2021 Vietnam’s trade deficit with China jumped to US$17.6 billion, a record high figure over the past three years, according to the data from the General Department of Vietnam Customs.

VOV.VN - Vietnam’s imports during the first 15 days of April recorded a sharp increase, with the country racking up a trade deficit of up to US$1.31 billion, according to data revealed by the General Department of Vietnam Customs.

VOV.VN - The country ran a trade deficit of US$250 million during the first half of January, with the country’s total import and export turnover reaching US$26.05 billion, according to statistics compiled by the General Department of Vietnam Customs.

The Regional Comprehensive Economic Partnership (RCEP) would not worsen the trade deficit Vietnam was running with signatory markets, according to the Ministry of Industry and Trade.

VOV.VN - The nation’s exports to the ASEAN market this year are expected to reach US$23.6 billion, while the average growth rate for the 2016 to 2020 period is predicted to witness a low level of growth at 5.26%, according to the latest report released by the Ministry of Industry and Trade (MoIT).

VOV.VN - Amid challenging developments relating to the novel coronavirus (COVID-19) pandemic which has vastly disrupted international trade, Vietnamese exports have maintained positive growth, with the trade surplus reaching approximately US$17 billion, whilst the trade deficit stands at US$8.16 billion, according to the General Statistics Office.