Vietnam hit a trade deficit of 145.5 million U.S. dollars in the first 10 months of 2013, according to the General Department of Vietnam Customs on Tuesday. The updated figure is lower than the previous forecast of 187 million dollars. Statistics from the Customs department showed that the country' s total export turnover in the first 10 months reached over 108.72 billion dollars, a rise of 16 percent year on year, and import turnover was nearly 108.87 billion dollars, up 15.92 percent. In October alone, the export turnover reached 12.61 billion dollars, surging 12.8 percent over September, while the import turnover was 12.51 billion dollars, up 11 percent, resulting in a trade surplus of 100 million dollars for the whole month. The department said the return of a trade balance surplus was due to a surge in exports of key items in the second half of October, including mobile phones (295 million dollars), crude oil (216.6 million dollars), shoes (174.12 million dollars), aquatic products (145.2 million dollars), computers and spare parts (116.1 million dollars) and garments (104 million dollars). Meanwhile, import staples including machinery and equipment, spare parts and crude oil were up 16 percent against the same period last year, according to the official data. The spike was due to increases across a range of products, including machinery and equipment (152 million dollars), fabrics ( 150 million dollars), steel (92.4 million dollars) and crude oil ( 91 million dollars). But imports of mobile phones, spare parts and cattle-feed decreased in the second half of October. The department said foreign direct investment (FDI) enterprises continued to be a driving force in import-export activities, as the sector recorded export revenues of 66.71 billion dollars in the first 10 months (excluding crude oil), surging 28.3 percent year-on-year and accounting for 61 percent of the country's total export value. Meanwhile, their import revenues in the 10-month period hit 61. 94 billion dollars, up 25.6 percent year on year and accounting for 56.9 percent of the total import value.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor