Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>Trade  >> Trade deficit with China poised to hit record high
NEW UPDATES Asean Affairs  13 November 2014  

Trade deficit with China poised to hit record high

HA NOI (VNS) — Viet Nam's trade deficit with China could hit a new record high of US$27 billion in 2014, a 14-per cent year-on-year increase, experts warned.

The trade deficit is happening in spite of measures to reduce imports from China. The warning is based on Viet Nam's trade deficit with its neighbour in the first nine months of the year which reached $20.17 billion, a 17-per cent year-on-year increase.

If the momentum of the deficit remains at this level from now till year-end, it could reach $27 billion, the experts predicted.

According to the Viet Nam General Department of Customs, the country spent $31.27 billion on imports from China, accounting for more than 29 per cent of Viet Nam's total import value.

The top imports include seven goods with an import value of more than $1 billion each such as machines, equipment, mobile phones and computers.

Viet Nam's export revenue to China in the first nine months of the year reached nearly $11.1 billion or 10 per cent of Viet Nam's total import value.

Two groups of products with an import turnover of more than $1 billion include the group of computers, electronic products and accessories with $1.5 billion and the group of crude oil with $1.05 billion.

According to the Ministry of Industry and Trade, Viet Nam has taken measures such as increasing exports, enhancing domestic production to reduce imports from China and diversifying import markets. However, the importation of Chinese goods, especially materials, have continued to rise.

The ministry said Viet Nam's exports to China have grown by an average of $800 million every year in the last three years while imports have expanded by $3 billion to $3.5 billion every 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 13, 2014 Subsribe Now !
• ASEAN Leaders Gather in Myanmar for a ‘Historic’ Summit Subcribe: Asean Affairs Global Magazine
• Trade deficit with China poised to hit record high
• Rice federation seeking loan
Research Reports
on Thailand 2007-2008

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

• Cambodia, Japan trade up
• Finland promising market for VN fish 
Asean Analysis                    November 11, 2014

• Asean Analysis November 11, 2014
Myanmar’s Hsipaw in Northern Shan State becomes backpackers’ heaven
Advertise Your Brand

Asean Stock Watch    November 12, 2014
• Asean Stock Watch-November 12 , 2014
The Biweekly Update
• The Biweekly Update  October 31, 2014

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