Vietnam Runs Trade Gap of $3.97 Billion Year to October 15: Customs

Minh Tam

10:09 22/10/2015

BizLIVE - Vietnam reported a trade surplus of $59.02 million in the first half of October, bringing the trade gap to $3.97 billion in the year to October 15.

Vietnam Runs Trade Gap of $3.97 Billion Year to October 15: Customs

Workers are loading rice for export. (Photo: chinhphu.vn)

Vietnam posted an estimated trade deficit of $3.97 billion in the year to October 15, compared to a revised trade surplus of $2.26 billion in the same period of 2014, data of the General Department of Vietnam Customs showed.
The country’s imports rose 14.68% year-on-year to $130.72 billion in the period, outpacing exports that grew 9.03% year-on-year to $126.74 billion.  
Of the sum, the export turnover of foreign-invested enterprises reached $86.47 billion, soaring 20.58% from a year earlier, while their imports increased 19.94% year-on-year to $77.28 billion, resulting in a surplus of $9.19 billion.
In the year to October 15, Vietnam raked in $24.32 billion from exporting phones and spare parts, up 34.12% year-on-year, and $17.95 billion from shipping textile and apparel, up 9.33% year-on-year.
On the other hand, the country spent $22.78 billion on importing machinery and components in the period, up 33.28% year-on-year, and $18.31 billion on purchasing computers, electronic products and spare parts, up 30.44% year-on-year.

MINH TAM

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