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Update news trade turnover
Vietnam’s total import-export value during the opening five months of the year reached US$306.16 billion, a rise of 16% or equivalent to a US$42.2 billion increase against the same period last year.
Billion-dollar contracts inked during the recent visits of the Japanese Prime Minister and the U.S. Secretary of State indicate the apparent trend of supply chain restructuring.
If the 2019 novel coronavirus (2019-nCoV) epidemic lingers, production, trade and State budget revenue will be greatly affected, according to the Ministry of Finance (MoF).
The country’s trade surplus reached a record high of US$9.9 billion in 2019, the General Statistics Office’s monthly report has revealed.
Vietnam’s total import-export turnover has surpassed 400 billion USD, according to the General Department of Customs.
Exports by domestic businesses have increased at a faster pace than that by foreign invested ones between January and October, according to the General Statistics Office (GSO).
Vietnam’s production and export activities, and its trade balance, may be affected by the tensions between South Korea and Japan, according to Rong Viet Securities.
VietNamNet Bridge - The Ministry of Industry and Trade (MOIT), in its latest report on global trade and the impact on Vietnam, mentioned the possibility of a trade war and the risks of protectionism.
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