Tags: trade deficit

Vietnam striving to boost export growth over remainder of 2020

Vietnam striving to boost export growth over remainder of 2020

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 records trade deficit in first half of May as exports drop

Vietnam records trade deficit in first half of May as exports drop

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.

Plummeting exports hit hard by COVID-19 impact during first half of May

Plummeting exports hit hard by COVID-19 impact during first half of May

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.

April marks severe drop in import-export turnover

April marks severe drop in import-export turnover

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.

Vietnam-Israel trade yields US$236 mln in two months

Vietnam-Israel trade yields US$236 mln in two months

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.

Still a key export earner

Still a key export earner

Though agro-product exports recorded flat growth in 2019, the products remain a key contributor to Vietnam’s trade surplus achievement

Trade deficit is still within control: economists

Trade deficit is still within control: economists

“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.

Vietnam’s trade deficit hits US$1.3 billion

Vietnam’s trade deficit hits US$1.3 billion

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.

Trade deficit with China nears US$12b in Jan-Apr

Trade deficit with China nears US$12b in Jan-Apr

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).

Vietnam better off without China – US trade deal

Vietnam better off without China – US trade deal

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).

Trade deficit not a cause for concern

Trade deficit not a cause for concern

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.