World Economy

Vietnam Trade Deficit Rises

Vietnam Trade Deficit RisesVietnam Trade Deficit Rises

Vietnam’s export value till September of this year increased by nearly 10% to $120.7 billion while imports surged 16% to $124.6 billion, VNS reported. This has pushed the trade deficit to $3.9 billion, the ministry of planning and investment reported at a meeting in Hanoi Saturday. According to the ministry, despite a 1.9% month-on-month decline in September, total export earnings in the first nine months of the year are estimated to increase 9.6%, against the same period last year, to $120.7 billion. The ministry estimated that the country’s export value by the end of this month reached roughly 73.2% of the $165 billion annual export target.