|
HCMC enjoys surplus, capital faces deficit
The country's two largest cities recently posted opposing sets of results related to trade turnover achieved during the first eight months of this year.
While HCM City announced a trade surplus of US$1.53 billion, the capital city reported a trade deficit of nearly $10 billion.
HCM City's Statistics Office said that in August alone, the city's export value reached an estimated $2.5 billion, a month-on-month decline of 20.8 per cent.
Export value of State-owned firms decreased by 25.3 per cent while export turnover derived from foreign-invested firms saw a growth of 0.9 per cent.
August figures revealed the total export value of the city having hit nearly $18.3 billion, a rise of 20.5 per cent over the same period last year.
Import value during the same period managed over $16.7 billion, a year-on-year increase of 24.5 per cent.
The Ha Noi statistic office reported the city's total import value in the January - August period declined by 18.1 per cent over the same period last year to nearly $16.4 million.
While exports managed to increase by 27.2 per cent, it was unable to help the city cut down its trade deficit as total export value reaching only $6.4 billion.
In August alone, Ha Noi earned $982.5 million from exports while spending nearly $2 billion on imports.
vietnamnews
|
