ASEAN KEY DESTINATIONS
September trade deficit estimated to hit $300m
Vietnam: The country is estimated to run a trade deficit of US$300 million in September, according to the General Statistics Office (GSO).
Including the September estimate, the country ran a trade deficit of $124 million in the first nine months. In detail, it earned $96.46 billion from exports, up 15.7 per cent against the same period last year, while spending $96.59 billion for imports, up 15.5 per cent.
The office reported that 15 staples gained more than $1 billion in export value. Mobile and components rose $15.14 billion, garments and textiles went up $13.15 billion, electronics, computers and components increased $7.77 billion and seafood went up $4.7 billion.
The major import products were components, equipment and petrol for production.
The General Department of Customs has not yet released the first nine months' import-export figures, which will likely differ from the GSO's. Last month, the GSO estimated that the country ran a trade deficit of $300 million, but customs figures showed that the country actually had a trade surplus of $600 million.
The Customs department has only reported the import-export value for the first half of September. According to the department, the country ran a trade deficit of $374 million on monthly export earnings of $4.92 billion and imports spending of $5.32 billion.
Ha Noi trade deficit
The capital city was estimated to run a trade deficit of $1.16 billion in September, according to the municipal statistics office.
The capital exported $801 million worth of goods this month, decreasing 1.2 per cent month-on-month. It spent $1.96 billion to import goods, an increase of 2.8 per cent.
In the first nine months, the capital reaped $7.405 billion from exports, down 1.5 per cent from the same period last year. It imported $17.230 billion worth of goods, down 3.5 per cent year-on-year, resulting in a trade deficit of $9.825 billion.
The capital's export staples in the first nine months of the year were computer components and peripherals, which earned $1.407 billion, down 1.5 per cent year-on-year; garments and textiles with $895 million, up 14.3 per cent; agricultural products with $789 million, down 4.7 per cent and petroleum with $661 million, down 36.9 per cent.
The city mainly imported petroleum for $4.229 billion, down 17.9 per year-on-year; equipment, machinery, tools and spare parts for $3.842 billion, down 1.3 per cent and steel for $894 million, up 14.2 per cent.
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