Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Trade  >> VN posts $3.7b trade deficit
NEW UPDATES Asean Affairs  2 July 2015  

VN posts $3.7b trade deficit

 Viet Nam had a trade deficit of US$3.7 billion in the first half of this year, according to the General Statistics Office (GSO).

The office said the total import value of the nation in the first half marked a year-on-year increase of 17.7 per cent at $81.5 billion. Of which, 41.1 per cent of the total import value came from machines, components, and equipment, while 50 per cent came from material and fuel imports.

The import value of machines, equipment, and components had a year-on-year surge of 37.4 per cent to reach $14.6 billion; 37.5 per cent in electronic products, computers, and their components, reaching $11.4 billion; 31.9 per cent in telephone and its components to reach $5.21 billion; and 13 per cent in materials for textiles, garments, and footwear to $2.57 billion.

Meanwhile, the imports of auto saw a sharp increase of 97.5 per cent in value to $2.95 billion against the same period last year.

Foreign direct investment (FDI) enterprises marked a 25.5 per cent year-on-year rise in import value, reaching $50 billion in the first half of this year, while the import value of domestic enterprises had an increase of 7.7 per cent to $32.7 billion against the same last year.

Le Thi Minh Thuy, head of the GSO's Commercial Department, said imports from China remained high at $24.4 billion against other markets such as ASEAN ($12 billion), Japan ($7.3 billion), the European Union ($4.5 billion), and the United States ($3.8 billion).

The GSO also reported that Viet Nam's export value gained a year-on-year surge of 9.3 per cent to $77.7 billion in the first half of 2015.

FDI enterprises contributed $54.88 billion to the total national export value of the first six months, a surge of 15.3 per cent; however, the local economic sector brought in $22.86 billion in export value, down 2.9 per cent compared with the first half of last year.

Goods that saw major growth in export value were products for assembling and processing, including telephones and components ($14.67 billion, up 27.1 per cent), electronic items, computers and components ($7.37 billion, up 60.4 per cent), and textiles and garments ($10.2 billion, up 9 per cent).

The other products that registered an increase in export value were tapioca, cashew, and wooden items.

Meanwhile, the export value of crude oil reduced by 45.7 per cent to $2.17 billion, while that of rice fell 8.9 per cent to $1.34 billion, seafood by 14.5 per cent to $3.27 billion, and coffee by 34.8 per cent to $1.43 billion.

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                           July 2 , 2015 Subsribe Now !
• VN posts $3.7b trade deficit Subcribe: Asean Affairs Global Magazine
• RI’s economy grows higher than other countries despite crisis: Minister
• S$20 million tie-up to boost Singapore’s tourism numbers
Research Reports
on Thailand 2007-2008

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

• Purchasing power rises due to macro recovery, low CPI
• Myanmar KFC fans queue for hours for first taste of US fast food
Asean Analysis                   June 26, 2015
• Asean Analysis June 26, 2015
U.S. Companies Engage Myanmar on Reforms, Capacity and Infrastructure
Advertise Your Brand

Asean Stock Watch  July 1,   2015
• Asean Stock Watch-July  1, 2015
The Biweekly Update
• The Biweekly Update June 26, 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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand