Trade deficit reaches $3.08 billion in first seven months

Vietnam posted a trade deficit of US$3.08 billion in the first seven months this year, accounting for 2.7 percent export turnover, reported the General Statistics Office of Vietnam.

A domestic steel company (Illustrative photo: SGGP)

A domestic steel company (Illustrative photo: SGGP)

Of the number, domestic sector posted the trade deficit of $14.77 billion and foreign invested sector saw a trade surplus of $11.69 billion.
Export turnover hit $115.2 billion, a year on year increase of 18.7 percent. Of these, domestic sector reached $32.2 billion, up 14.6 percent while foreign invested sector hit $83 billion, up 20.3 percent.
The US is the largest export market of Vietnam with the turnover of $23.4 billion, up 9.9 percent over the same period last year, followed by the EU with $21.5 billion and China with $15.5 billion.
Import turnover was estimated to touch $118.3 billion, raising 24 percent over the same period last year.

By NG.QUANG – Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.