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Imports down 4.11 percent
Vietnam’s trade deficit over the past 8 months has reached US$15.97 billion, double as much as compared to the same period last year.
The Ministry of Industry and Trade said that the major import items are machinery, equipment and materials for production.
Accordingly, imports in August dropped by 4.11 percent, bringing the country’s total imports in the past 8 months down to nearly US$59.3 billion. Noteworthy, some products of high import value like complete knock down automobiles and spare parts, fertilizer and petrol also fell. There are still 14 products having import values of more than US$1 billion.
By the end of August, the country’s export value hit more than US$43.3 billion, up 39.1 percent over the same period last year, reaching 73 percent of the yearly plan. In August, exports increased by 40.6 percent compared to the same period last year but decreased by 6.8 percent compared to July due to a decline in rice, coffee, pepper and coal exports. Crude oil exports went up by 30.2 percent in volume but down by US$121 million in value compared to July.
VOV
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