Trade deficit reaches over US$5.8 billion in eight months

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VOV News English - 78 month(s) ago 9 readings

Trade deficit reaches over US$5.8 billion in eight months

(VOV) - Vietnam’s import turnover in the past eight months of this year was estimated at US$67.75 billion, up 30.7 percent compared to the same period last year, according to the General Department of Customs.

Import surplus increases sharply in August

The country’s exports earned US$61.73 billion, a year-on-year increase of 35.7 percent. Key export items included garment and textile products, footwear, seafood, telephones and accessories.

Vietnam mainly imported gemstones, jewellery, oil and gas, machinery, equipment, and spare parts.

The General Department of Customs reported that foreign direct investment (FDI) businesses’ export turnover reached US$28.44 billion, rising by 35.3 percent and contributing 46.1 percent to Vietnam’s total export value. They imported products worth US$30.03 billion, representing a year-on-year increase of 30.7 percent and making up 44.4 percent of the country’s total import value.

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