VNExpress-Mar 30

Vietnam’s trade surplus hit $4.07 billion in the first quarter with $79.17 billion in export revenue and $75.1 billion in imports, according to the General Statistics Office. Among the major trade partners, Vietnam recorded a trade surplus of $17.5 billion with the U.S., down 23.4% year-on-year. It also recorded a trade surplus with the E.U. at $6.9 billion, down 10.1%. Vietnam posted a trade deficit of $12.1 billion with China, down 15.4%. Other countries and regions that it posed a trade deficit with included South Korea, ASEAN and Japan. Vietnam’s total trade, comprising export and import values in the first quarter, declined by 13.3% year-on-year to $154.27 billion. Exports dropped 11.9% to $79.17 billion, with smartphones and parts falling by 15% and electronics, computers and parts dropping 10.9%. Imports fell 14.7% to $75.1 billion, with a 12.4% fall in electronics, computers and parts and a 15.4% decrease in machines and equipment. The U.S. was the biggest export market at $20.6 billion and China was the largest import market at $23.6 billion. Read more at:

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