First quarter trade gap hits over USD1.8 billion

Vietnam’s export turnover in the first quarter was evaluated at USD35.67 billion, a year-on-year rise of 6.9% (worth nearly USD2.3 billion), reported the Ministry of Industry and Trade.
April 12, 2015 | 13:04

This figure includes nearly USD10.6 billion of domestic enterprises, making up 29.7% of the total, while foreign-invested enterprises (including crude oil) earned about USD25 billion from exports, accounting for 70.3%.

According to the Ministry of Industry and Trade, Vietnam’s imports in March amounted to USD13.3 billion, a 26.9% rise from the previous month or a 7.4% increase over a year earlier. With this, total import turnover in the first quarter of 2015 was estimated at USD37.5 billion, up 16.3% compared to the same period last year.

On the total, the trade balance in March saw about USD600 billion of imports over exports, bringing the figure for the first quarter to over USD1.8 billion. Of this, the trade gap of domestically-invested enterprises was USD3.8 billion while foreign-invested enterprises (including crude oil) earned a trade surplus worth USD1.98 billion./.

Compiled by VNF

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