Imports pick up in the first half of November

Imports in the first half of November reached more than US$3.821 billion, an increase of nearly 4 percent over October.

According to the General Department of Vietnam Customs, the excess of import over export in the reviewed period is estimated at US$864 million, the highest level ever seen over the past 7 months.

Export earnings from seafood, rice, garment, computers and machines saw a decrease while those from cashew nuts, coffee, coal, crude oil, petrol, rubber, footwear and vehicles showed an upward trend.

The State Bank of Vietnam (SBV) recent decision to purchase gold pushed the imports of precious gems and metals in the first half of November up to nearly US$82 million compared to over US$95 million recorded in the whole month of October.

Exports in the eleven months of this year surpassed US$60.8 billion, US$10.5 billion lower than the total import value in the same period.

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