Vietnam faces threat of trade deficit in 2019

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.
Nearly US$ 74.5 billion of import and export turnover between Vietnam and CPTPP members in 2018

Nearly US$ 74.5 billion of import and export turnover between Vietnam and CPTPP members in 2018

VCN - Of the remaining 10 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), there are 9 members in trade relationship with Vietnam reaching US$ 1 billion or more last year.
Vietnam expects to export 1.7 mln tonnes of coffee this year

Vietnam expects to export 1.7 mln tonnes of coffee this year

Vietnam expects to export 1 7 million tonnes of coffee this year earning about 3 5 billion USD
Trade deficit is more than US$ 6.5 billion from ASEAN

Trade deficit is more than US$ 6.5 billion from ASEAN

VCN- ASEAN is one of the most important import-export markets of Vietnam, but Vietnam also has a large trade deficit.
The State budget deficit in 2018 at 3.7% of GDP

The State budget deficit in 2018 at 3.7% of GDP

VCN- The Ministry of Finance has issued Decision 2610/QD-BTC publicly announcing the estimate of State budget in 2018.
In 2017, import-export turnover was estimated at nearly US$ 425 billion

In 2017, import-export turnover was estimated at nearly US$ 425 billion

VCN - In December, import-export turnover of the country was estimated at US $ 39.1 billion, down 0.7% over the previous month.
Is the trade deficit with ROK a concern for Vietnam?

Is the trade deficit with ROK a concern for Vietnam?

Economists have said that the increased trade deficit with South Korea is not expected to lead to changes in Vietnam economic structure
Vietnam’s deficit is more than US$ 3 billion over ASEAN countries

Vietnam’s deficit is more than US$ 3 billion over ASEAN countries

VCN- The total value of trade between Vietnam and the remaining 9 members of the Association of Southeast Asian Nations (ASEAN) reached US$ 24.03 billion.
Vietnam Jan-July trade deficit hits US$3.08b

Vietnam Jan-July trade deficit hits US$3.08b

Vietnam trade deficit was estimated at US 3 08 billion in the first seven months of this year US 380 million more than US 2 7 billion in the first half according to the latest data released by the General Statistics Office GSO
State revenues in the first five months reached more than 481 trillion vnd

State revenues in the first five months reached more than 481 trillion vnd

VCN - According to the latest report of the Ministry of Finance, the country’s total state revenues in May were estimated at 85.3 trillion vnd, accumulated revenues of 5 months reached 481.27 trillion vnd
Vietnam, Indonesia seek to achieve US$10 billion trade

Vietnam, Indonesia seek to achieve US$10 billion trade

Vietnam and Indonesia should actively prepare for the 7th session of the Joint Committee on Economic, Scientific and Technological Cooperation to seek more ways to achieve a trade value of US$10 billion assets.
A deficit of more than $ US1.89 billion

A deficit of more than $ US1.89 billion

VCN - The higher increase of import turnover causes a big trade deficit for Vietnam.
Deficit of more than $ US 2.56 billion

Deficit of more than $ US 2.56 billion

VCN – 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)
First Quarter of 2017: A deficit of $ US 1.94 billion

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

VCN - 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.
Import and Export turnovers in the first two months of 2017 reached more than $US 55.66 billion

Import and Export turnovers in the first two months of 2017 reached more than $US 55.66 billion

VCN- In which, the total import-export turnover of foreign direct investment firms reached more than $US 35.98 billion, up 18.5% equivalent to an increase of nearly $US 5.61 billion compared to the same period of 2016.
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