Vietnam and China should extend the working hours for customs clearance at border gates and restore cross-border trade at markets along the border, a Vietnamese trade official told an online meeting on August 13.
Vietnam exported goods with an estimated value of US$99.36 billion in the first five months of 2020, a year-on-year decline of 1.7%. Export turnover of domestic businesses maintained double-digit growth, however, of 10.4%, reaching US$33.3 billion.
Vietnam reported a trade deficit of nearly US$1 billion in the first half of May as exports reached only US$8.22 billion – the lowest level since the beginning of this year (excluding the first half of January when the Tet holiday fell on), the General Department of Customs announced has announced.
VOV.VN - Vietnam’s exports to foreign markets have suffered a dramatic downturn since April as a result of the negative economic impact caused by the novel coronavirus (COVID-19) pandemic, after recording positive growth throughout the first quarter of the year, according to the Ministry of Industry and Trade.
The opening four months of the year has seen the total export turnover between Vietnam and China reach over US$35 billion, of which the country's exports hit US$12.7 billion, according to the General Department of Vietnam Customs.
VOV.VN - Vietnam's import and export turnover during the first half of April suffered a sharp drop of US$7 billion in comparison with figures from the second half of March, of which the country recorded a trade deficit of approximately US$1.3 billion, according to the General Department of Vietnam Customs.
VOV.VN - Two-way trade between Vietnam and Israel hit US$236.58 million in the first two months of this year, with the latter enjoying a trade surplus, according to the Vietnamese Trade Office in Israel.
Vietnam reported an estimated trade deficit of US$176 million in the first two months of the year, according to the General Statistics Office of Vietnam (GSO).
Vietnam reported an estimated trade deficit of 176 million USD in the first two months of the year, according to the General Statistics Office of Vietnam (GSO).
Though agro-product exports recorded flat growth in 2019, the products remain a key contributor to Vietnam’s trade surplus achievement
Vietnam posted an estimated trade deficit of US$100 million in January this year, said the General Statistics Office in a report on the country’s socio-economic performance.
VOV.VN - Import-export turnover between Vietnam and China continued to hit new heights in 2019 by reaching a milestone of approximately US$117 billion.
VOV.VN - Vietnam’s trade deficit with China has been increasingly widening, exceeding US$27 billion during the first nine months of the year, according to statistics released by the Ministry of Industry and Trade.
VOV.VN - Vietnam is the country the US had its sixth largest trade deficit with last year and this deficit continuing to test new highs could put Vietnam’s exports at risk of punitive tariffs from the US, said a research entity of Fitch Group.
“Unlike two years ago, many analysts have warned that Vietnam will m witness a trade deficit. However, I believe the trade deficit will still be within control,’ said Vo Tri Thanh, a respected economist.
VOV.VN - Vietnam’s trade balance sustained an estimated deficit of up to US$1.3 billion during May, leading to the total trade deficit amounting to US$548 million for the year’s first five months.
VOV.VN - Vietnam has sustained an accumulated trade deficit worth over US$1 billion by mid-May, according to the General Department of Vietnam Customs.
Vietnam ran a trade deficit of US$11.9 billion with China in the first four months of the year, up a staggering 53.8% year-on-year. China remained the largest supplier of goods to Vietnam during the period, according to the General Statistics Office (GSO).
Tariffs on Chinese goods exported to the US have accelerated manufacturing activity moving from North to Southeast Asia, and Vietnam is best positioned to benefit from this trend, according to Viet Dragon Securities Company (VDSC).
Despite Vietnam’s large trade deficit with the Republic of Korea, concerns are being allayed with the latter boosting investment and exports for production and re-export in the former, to take advantage of tax cuts under a regional trade pact.