Sign up | Log in



Home  >>   Daily News  >>Vietnam>>Trade>>Nov trade deficit narrows to $3.8b
NEW UPDATES Asean Affairs  30  November 2015  

Nov trade deficit narrows to $3.8b

Viet Nam's trade deficit narrowed to US$3.8 billion in the first 11 months of this year, from the $4.1 billion recorded for the first 10 months.

According to the General Statistics Office (GSO), the reduction was thanks to an $18.8 billion trade surplus achieved by foreign direct investment (FDI) enterprises, compared to a $15 billion deficit generated by domestic businesses during 11 months.

So far this year, export revenues have totalled about $148.71 billion, up 8.3 per cent over the same period last year.

Exports by FDI companies hit $105.10 billion, a year-on-year increase of 13.5 per cent, while those by local firms reached $43.6 billion, a year-on-year decline of 2.1 per cent.

The FDI sector posted high turnover for most of its major exports. For example, telephones and components reached $28.5 billion, up 29.6 per cent; computers, electronic products and components reached $14.3 billion, up 38.2 per cent.

Garment and textile products reached $20.7 billion, up 9.1 per cent, machinery and equipment reached $7.4 billion, up 11.2 per cent, while timber products reached $6.2 billion, up 9.5 per cent.

Meanwhile, the domestic sector witnessed reduction in its key exports, with crude oil especially falling by 48.3 per cent year-on-year at $3.53 billion, following global oil price declines.

Rice was also down 48.3 per cent at $2.66 billion, while coffee dropped by 29.3 per cent at $2.34 billion, and rubber declined 14.2 per cent at $1.38 billion.

During the first 11 months, the country's import values totalled nearly $152.5 billion, an increase of 13.7 per cent over the same period last year.

The total import value of local businesses was $62.3 billion, a year-on-year rise of eight per cent, while that of FDI companies was $90.2 billion, up 18.1 per cent.

The GSO said imports mainly served production and processing for export, and the main imports were machinery and equipment, growing by 25.7 per cent at $25.3 billion; computer, electronic products and components, increasing 27.7 per cent at $21.6 billion.

They also included telephones and components, which rose by 29.7 per cent at $10.1 billion, cloth, which increased 8.3 per cent at 9.3 billion, garment, textile and footwear materials, which were up eight per cent at $4.6 billion.

Automobile imports soared 60 per cent at $5.3 billion.

However, iron and steel were down one per cent at $6.84 billion, with cheap products being imported massively, and petrol plummeted nearly 32 per cent at $4.83 billion, due to the fall in the global oil price.

The GSO forecast that the country's trade deficit will expand next month as crude oil and farm produce exports are likely to continue to decrease.

But the agency expected that the deficit will be controlled at less than five per cent of all export revenues, as the country has targeted this year.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           November 30 , 2015 Subsribe Now !
• Astra Sedaya considers issuing bonds worth Rp 10 trillion Subcribe: Asean Affairs Global Magazine
• BKPM halts license for foreign investment in cemetery park
• ASEAN looks at IT development 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• SEZ policy hinges on infrastructure
Nov trade deficit narrows to $3.8b
Asean Analysis                   November 20, 2015
• Asean Analysis November 20, 2015
TPP: a fair Free-Trade Agreement?
Advertise Your Brand

Asean Stock Watch  November 27,  2015
• Asean Stock Watch-November 27, 2015
The Biweekly Update
• The Biweekly Update November 13, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand