Vietnam's trade deficit is expected to hit 1.03 billion US$ in the first two months of this year following a 45.8% surge in imports, a state-run newspaper reported on Monday.
Exports in the January-February period were estimated at 6.8 billion US$, a rise of 23.5% from the same period last year, when Vietnam had a trade surplus of 140 million US$, the Vietnam News daily said.
But imports would reach 7.83 billion US$, with imports of heavy machinery surging 80.5% to 1.4 billion US$, it quoted a government statistics office report as saying.
That was expected after the Trade Ministry said in a report earlier this month "the import of machinery and equipment, material used for domestic production and for the processing of export goods", would be given priority.
The General Statistics Office is expected to release full trade figures later this week.
Source: Reuters
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