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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.

Vietnam’s trade deficit with Thailand to balloon

Vietnam’s trade deficit with Thailand to balloon

Vietnam-Thailand trade is likely to hit US$20 billion in 2020, but the target to keep the trade value in balance may not be met with Vietnam currently running huge trade deficit with the neighbouring country.

Outcomes of FDI-reliant economy

Outcomes of FDI-reliant economy

Vietnam’s economy has the highest ratio of exports against the gross domestic product (GDP) in the world.

Vietnam works to bolster exports to China

Vietnam works to bolster exports to China

Reform of administrative procedures to facilitate origin certification granting, customs procedures and related process is recommended by experts in order to increase export to China, a potential market with considerable risks.

Vietnam’s widened trade deficit with RoK: no worries

Vietnam’s widened trade deficit with RoK: no worries

Vietnam has witnessed continued growth in its trade deficit with the Republic of Korea (RoK), due to the latter boosting its investment and exports to the former in a bid to cash in on tax cuts under trade pacts.

China outstrips US to become Vietnam’s largest export market

China outstrips US to become Vietnam’s largest export market

VOV.VN - China has become Vietnam’s biggest export market after the country’s total export turnover to China in January surged to US$3.708 billion, a 106% rise or US$1.912 billion over the same period last year, according to the General Department of Vietnam Customs.