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Vietnam Posts 1.45-Billion-USD Trade Deficit In 10-Month Period

HANOI, Oct 30 (NNN-VNA) – Vietnam recorded an estimated trade value of 537.31 billion U.S. dollars in the first 10 months of this year, up 22.2 percent year-on-year, with a trade deficit of 1.45 billion U.S. dollars, the General Statistics Office said yesterday.

Specifically, the export revenue stood at 267.93 billion U.S. dollars, up 16.6 percent year-on-year, while the import revenue totaled 269.38 billion U.S. dollars, surging 28.2 percent.

The United States remained Vietnam’s biggest importer with turnovers of 76 billion dollars, followed by China with 44.2 billion U.S. dollars and the European Union with 31.7 billion U.S. dollars, said the office.

China is Vietnam’s largest exporter with 89.4 billion U.S. dollars of turnovers, followed by South Korea with 45.5 billion U.S. dollars and ASEAN with 33 billion U.S. dollars, according to the office.– NNN-VNA

 

Source: NAM News Network