Trade deficit nears US$3.86 billion as of November 15

After getting a trade surplus of US$500 million in October, Vietnam returned to trade deficit with US$270 million in the first half of November taking the total number to nearly US$3.86 billion since early this year.

(Illustrative photo: SGGP)

Preliminary statistics by the General Statistics Office of Vietnam show that total export turnover topped US$6.49 billion in the first half of November, increasing the total turnover to US$140.87 billion since early this year.

Import turnover neared US$6.77 billion, taking the total to US$144.73 billion.

Hence, Vietnam posted a trade deficit of US$270 million in the first half of November and US$3.86 billion this year.

Foreign direct investment companies yielded an export turnover of US$4.54 billion hitting US$96.27 billion this year. Their import turnover exceeded US$4.01 billion and US$85.56 billion.

This brought them a trade surplus of US$520 million in the first half of November and US$10.71 billion since early this year.

By Ham Yen – Translated by Hai Mien

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