DTiNews
  1. VIETNAM TODAY

  2. Society

Trade deficit hits nearly US$4 billion in 9 months

In the first 9 months of this year, the country’s exports rose by nearly 10% to nearly US$120.7 billion while imports jumped by 16% to US$124.6 billion, pushing the trade deficit up to around US$3.9 billion.

In the first 9 months of this year, the country’s exports rose by nearly 10% to nearly US$120.7 billion while imports jumped by 16% to US$124.6 billion, pushing the trade deficit up to around US$3.9 billion.

It was released by Dinh Lam Tan, deputy director general of the National Economic Issues Department (Ministry of Planning and Investment) at a meeting in Hanoi on September 25.

The export growth was attributed to increasing export revenue of processed products, garment, wood, and telephones and components.

Trade deficit hits nearly US$4 billion in 9 months - 1

Meanwhile exports of agri-forestry and seafood products dipped 10% due to decline of three key products – rice, coffee and rubber. Mineral exports fell by 45% because of sharp decrease of crude oil export value.

Foreign direct investment (FDI) into Vietnam skyrocketed compared to the same period last year. By Sept 20, a total foreign investment value of US$17.15 billion had been poured into the country, up 53% against the corresponding period last year, of which around US$9.6 billion had been disbursed, up 8%.

Source: VOV
More news
Heatwave to intensify in HCM City

Heatwave to intensify in HCM City

Hot weather in Ho Chi Minh City is set to persist and intensify in the coming days as a western low-pressure heat system strengthens, with...
Loading...