Vietnam still sees high trade deficit with ChinaAlthough Viet Nam’s exports to China in the first month of 2017 surged nearly 40 per cent, trade deficit with the Chinese market remained high at US$2.45 billion. Viet Nam’s exports to China in January increased by 38.6 per cent to $1.85 billion while its imports from the country rose by 9.3 per cent to $4.3 billion. The Ministry of Industry and Trade reported that Viet Nam’s exports to China increased by 38.6 per cent to $1.85 billion while its imports from the country rose by 9.3 per cent to $4.3 billion. In January, Viet Nam also saw high trade deficit of $1.64 billion with South Korea as its exports to the market valued at $860 million while its import revenue rose to $2.5 billion. Viet Nam mainly imported computers, electronics products, spare parts, machines and equipment.

Source: VietNamNet News February 15, 2017 09:56 UTC