trade deficit

Update news trade deficit

Vietnam ran a trade deficit of more than US$31 billion with neighboring China between January and November this year, a record high compared with the same periods in previous years.

 

Vietnam Jan-Oct trade deficit with China hits record high of US$29 billion

The US-China trade war may be behind such a record figure.

Vietnam sees US$9 billion trade surplus in Jan-Oct

Vietnam earned a trade surplus of US$9.01 billion in the January-October period this year, the highest ever, up 23% year-on-year due to the strong export of phones, computers and textiles.

VN National Assembly wants trade not to run into deficit deeper than 3% of exports

Vietnam recorded a trade surplus in the past four years, but the National Assembly (NA), wary of uncertainties over global trade conflicts, has set the target of containing the country’s trade deficit versus its total export value below 3% for 2020.

Vietnam strives to boost exports to ASEAN

Though ASEAN is an open market for Vietnam, it has not been easy to export products to the large market.

Vietnam needs to be more proactive in using products from US: experts

Vietnam has a trade surplus of $20 billion a year with the US, while the current account surplus is over 2 percent of GDP per annum.

Trade deficit is still within control: economists

“Unlike two years ago, many analysts have warned that Vietnam will m witness a trade deficit. However, I believe the trade deficit will still be within control,’ said Vo Tri Thanh, a respected economist.

US-China trade war increases risk of trade deficit for Vietnam

The US-China trade war and Chinese yuan devaluation have increased the risk of a widening trade gap, with more imports from China flowing to Vietnam.

Vietnam’s trade deficit hits US$1.3 billion

Vietnam’s trade balance sustained an estimated deficit of up to US$1.3 billion during May, leading to the total trade deficit amounting to US$548 million for the year’s first five months.

Vietnam faces threat of trade deficit in 2019

Vietnam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.

Japanese, Thai goods reach every corner of Vietnamese market

Several years ago, fans of Thai and Japanese goods had only several choices – either buying the products carried across border gates, or going to a few select shops. But now, they can freely choose products at many specialized stores. 

Are Vietnamese manufacturers afraid of Thai products?

VietNamNet Bridge - The first warning about the ‘Thai goods threat’ was given two years ago when Thai groups took over a number of retail chains in Vietnam. 

Is the trade deficit with South Korea a concern for Vietnam?

VietNamNet Bridge - Economists have said that the increased trade deficit with South Korea is not expected to lead to changes in Vietnam’s economic structure.

More imports from South Korea : experts

Imports from South Korea have been increasing rapidly since the Vietnam-South Korea FTA took effect in late 2015, as Vietnam’s largest trade deficit is now with South Korea, not China.

Vietnam eases reliance on Chinese products, but imports more from South Korea

VietNamNet Bridge - Vietnam’s biggest trade deficit is now with South Korea, followed by China. 

Vietnam's biggest trade deficit is with South Korea

A report of the General Statistics Office (GSO) shows a significant increase in Vietnam’s exports to South Korea in the first four months of the year, reaching $4.4 billion, an increase of 32 percent compared with the same period last year. 

Chinese exports with VN labels could impugn reputation: experts

Economists, warning about increasingly high investments by Chinese in Vietnam, are concerned that Chinese products made in Vietnam and bearing Vietnam labels may bring a bad reputation to Vietnam’s products.

Trying to ease reliance on China, Vietnam increases imports from South Korea

VietNamNet Bridge - Vietnam’s GDP has increased by 5.5 times in the last 15 years, while the trade deficit with China has increased by 171 times. 

Vietnam still imports products from China that are plentiful at home

VietNamNet Bridge - Vietnam spent $32 billion on imports from China in the first eight months of the year, including products which are plentiful in Vietnam.

Exports down, revenue shrinks

Vietnam’s export growth rate was modest at 5.7 percent in the first half of 2016, the lowest in the last five years. This has raised concerns that the 6.7 percent GDP growth rate may be unattainable, while state budget revenue will shrink.