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Vietnam posts trade deficit of US$1 47 billion over six-month period

Thursday, 12:07, 08/07/2021 VOV.VN - The nation recorded an estimated trade deficit of US$1.47 billion during the first half of the year, according to figures released by the Ministry of Industry and Trade (MoIT). Statistics compiled by the MoIT indicate that the country raked in US$157.63 billion from exports, a rise of 28.4% compared to the same period from last year, with 25 items grossing an export turnover of over US$1 billion, accounting for 88.9% of total export turnover. Furthermore, import turnover recorded a surge of 36.1% to US$159.1 billion during the reviewed period, marking a rise of 36.1%. Tran Thanh Hai, deputy director of the MoIT’s Import-Export Department, revealed that the Vietnamese trade deficit in the first half of the year does not represent a worrying sign due to the figure being quite small, making up only 1% in comparison to export turnover.

VIETNAM BUSINESS NEWS JULY 3

VIETNAM BUSINESS NEWS JULY 3
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