Vietnam saw a trade deficit of US$3.07 billion in the first half this year, reported the General Department of Vietnam Customs.
|Steel trade deficits on the rise in the beginning months of this year (Photo: SGGP)|
Total export import turnover topped US$158.6 billion, up 13 percent over the same period last year.
Of these, exports surged 9.3 percent to hit US$77.77 billion and imports moved up 16.7 percent to touch US$80.84 billion.
Foreign Direct Investment (FDI) sector posted a total export import turnover of US$101 billion, a year on year increase of 22 percent and accounting for 63.5 percent of the country’s total turnover.
The sector’s export value reached US$52.54 billion, up 20.4 percent while import value was recorded at US$48.17 percent, up 23.8 percent.
Domestic firms’ export value was US$25.23 billion, down 8.4 percent while import value went up 7.7 percent to US$32.67 billion.