Vietnam’s trade deficit with China hit nearly US$8 billion
(VOV) - China remained Vietnam’s largest importer with a value of US$11.47 billion in the first quarter of this year.
The General Statistics Office of Vietnam (GSO) has reported that Vietnam just exported US$3.54 billion to China, posting a trade fall of nearly US$8 billion.
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Vietnam’s key imports included machinery, equipment, tools, computers, electronic components, telephones and telephone accessories, and steel.
In the reviewed period, the foreign direct investment (FDI) sector enjoyed a trade surplus of US$873 million, down 57.3% while the domestic sector recorded a trade fall of US$3.27 billion, up four fold over last year’s period.