Dinh Vu
King's Island Golf


Last updated: Friday, August 18, 2017


January Records Trade Deficit

Posted: Friday, February 03, 2017

Vietnam ran a trade deficit of US$100 million in January, after enjoying a trade surplus of billions of USD in 2016.

In the first month of 2017, the country imported US$14.7 billion and exported US$14.6 billion worth of commodities, down 14 per cent and 12 per cent compared to the figures for December 2016, respectively.

A number of major hard currency earners saw a drop in revenue in comparison with December. Phones and components felt 7.1 per cent to US$2.5 billion, apparel, down 10.8 per cent to US$2.05 billion and computers and electronic devices, down 14.1 per cent to US$1.6 billion.

A similar downward trend was seen in imports of key goods, with machinery and spare parts reporting a decrease of 15.3 per cent to US$2.6 billion, while computers and electronic devices and petroleum products faced a respective drop of 10.3 per cent and 32.7 per cent from December of 2016 to US$2.25 billion and US$510 million.

The Ministry of Industry and Trade is implementing a programme on sustainable exports, which puts forth measures to restructure the market and boost product competitiveness.

The programme also highlights product quality improvement, trade promotion and market expansion.



Other news

Cty Sai Gon- Tay Bac