Vietnam Runs US$910.8M Trade Deficit with India in Jan-Sept
Vietnam incurred a huge trade deficit of US$910.8 million with India in the first nine months of this year, according to the Indian Embassy in Vietnam.
The Southeast Asian country imported US$1.17 billion worth of goods from India during the time and exported US$259.2 million, said the embassy without giving comparative figures.
Computers, electronics and spare parts, coffee, pepper and tea were Vietnam’s key exports while steel, animal feed materials, pharmaceuticals, machines and equipment were its main imports during the time.
Trade between Vietnam and India is forecast to hit US$5 billion in 2015, doubling last year’s figure, President of Indian Business Chamber in Vietnam (INCHAM) S. Srivastava said at the Vietnam-India trade and investment forum held in Ho Chi Minh City on Oct 6. (VIR)
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