Subscribe to latest posts via emailEmail | TwitterTwitter |Become a fan!Facebook

Vietnam January-July trade gap doubles to $7.44b-report

Posted by VBN on Jul 28th, 2010 and filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Vietnam’s trade deficit in the first seven months of this year will reach $7.44 billion, nearly double the figure during the same period last year, a state-run newspaper reported on Monday.

January to July imports rose 25.5 percent from a year earlier to an estimated $45.71 billion, while exports rose 17.5 percent to $38.27 billion, the official Lao Dong newspaper cited trade ministry statistics as showing.

Vietnam had a trade deficit of $3.85 billion in the first seven months of 2009.

July’s trade gap would shrink slightly to $1.15 billion, from June’s reading of $1.2 billion, with exports estimated at $5.8 billion and imports at $6.95 billion, the newspaper said.

The government is expected to release full export and import details later this week.- Reuters

Tags: ,

Leave a Reply

*
To prove you're a person (not a spam script), type the answer to the math equation shown in the picture. Click on the picture to hear an audio file of the equation.
Click to hear an audio file of the anti-spam equation