Six month trade deficit totals US$3.07 billion

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.

By T. Mai – Translated by Hai Mien

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