Vietnam reports US$177 million trade deficit in May
Vietnam saw a trade deficit of US$177 million in May after two months enjoying slight surplus, according to statistics from the General Department of Vietnam Customs.
 |
The country shipped US$14.37 billion worth of products to foreign countries (up 0.1%) while imports ballooned to US$14.55 billion (up 3.4%) in the month.
During the first five months of this year, Vietnam’s foreign trade totalled US$133.25 billion, a year-on-year increase of 2.2%. The national balance of trade saw a surplus of US$1.64 billion with export turnover at US$67.44 billion and import value at US$65.8 billion.
Foreign-invested enterprises posted US$8.34 billion in trade surplus while domestic businesses ran a trade deficit of nearly US$6.7 billion.
