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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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