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June sees an increase in import surplus
In the first half of the year, Vietnam's import turnover reached almost US$38.8 billion while its export turnover was US$32.1 billion, according to the General Statistics Office (GSO).
The GSO predicts the import value in June at US$7.2 billion and export value at US$6 billion. The country's major import items include fabrics, steel and iron, petroleum and plastics while the main exports are garments and textiles, footwears, crude oil and seafood.
Economic analysts say Vietnam's exports have been affected by many factors including the financial crisis in the European market and the euro dropping by 16 percent in value.
Also, due to the global financial crisis, the unemployment rate remains high in many countries which persist in trade protectionism by raising anti-dumping taxes and demanding certificates of origin for imported goods. Moreover, the recent power shortages have also seriously affected export businesses.
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