Vietnam's trade deficit hits USD61b in 2 months
(MENAFN) According to Vietnam's Ministry of Industry and Trade (MoIT), the country logged a trade deficit of USD61 million by the end of February, Xinhua reported.
The figure marked a sharp decrease from a surplus of USD1.35 billion registered for the same period a year earlier. In January 2015 alone, the country suffered a deficit of USD361 million.
In the first two months of 2015, the country earned USD23 billion from exports, up 8.6 percent on-year, while it spent over USD23 billion on imports, up 16.3 percent on-year.
Among those, domestic sector contributed USD7 billion, increasing 0.7 percent over a year earlier, while that of foreign-invested sector hit USD16 billion, up 12.4 percent on-year.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.