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Do not panic about trade deficit from South Korea

It was stated by Mr. Le An Hai, Deputy Director of Asia-Pacific Market Department, Ministry of Industry and Trade in an interview with Customs Newspaper on Vietnam-South Korea bilateral trade. Trade relations between Vietnam and South Korea in the past years have faced an increasing trade deficit. Is this the concern, Sir? In 2016, the total bilateral trade turnover of Vietnam - South Korea ...

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Deficit of more than $ US 2.56 billion

According to the statistics of imports and exports from the General Department of Customs, by the end of April 15, 2017, the country’s total export turnover reached more than $ US 107.58 billion, up by 18.5% (equivalent to nearly $US 16.76 billion) over the same period in 2016. Import turnover of the ten largest commodity groups of Vietnam (accumulated to April 15, 2017, compared ...

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First Quarter of 2017: A deficit of $ US 1.94 billion

According to the statistics on imports and exports from the General Department of Customs, in the first quarter of 2017, the total import-export turnover reached more than $US 91.21 billion, up by 19.9%, corresponding to an increase of nearly $ US15.16 billion against the same quarter in 2016. The import turnover of 10 largest commodity groups in March 2017 compared to those in March ...

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Trade deficit indicates Vietnam lacks competitiveness

 Commercial trade with ASEAN is a microcosm of the challenges facing the Vietnamese domestic sector globally. The trade deficit with the 10 member nations of the ASEAN trade bloc widened by US$4.5 billion during the first nine months of 2016, higher than the US$4.1 billion shortfall for last year’s same period, reports the General Department of Vietnam Customs. “The trade deficit continues a decade-long ...

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