Vietnam reports $2.13 billion trade deficit with ASEAN

vietnam_trade1Vietnam ran up a trade deficit of $2.13 billion with other ASEAN members in the first nine months of this year, or 15.5 per cent of its export total to the bloc, Voice of Vietnam reported on October 18.

Vietnam Customs statistics show nine-month trade turnover between Vietnam and ASEAN reached $29.57 billion, accounting for 15.4 per cent of the country’s total import-export revenue.

Vietnamese businesses earned nearly $1.53 billion from exports to ASEAN in September alone, down 4.3 per cent from the previous month. But their nine-month exports to ASEAN markets rose 11.1 per cent to $13.72 billion compared to the same period in 2012, according to the statistics.

Vietnam’s ASEAN imports were worth $1.8 billion in September and a cumulative $15.85 billion in 2013 so far, a slight 2.6 per cent increase on the first three quarters of 2012.

Malaysia was Vietnam’s largest ASEAN trade partner during the reviewed period, followed by Thailand, Singapore, and Indonesia.



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Vietnam ran up a trade deficit of $2.13 billion with other ASEAN members in the first nine months of this year, or 15.5 per cent of its export total to the bloc, Voice of Vietnam reported on October 18. Vietnam Customs statistics show nine-month trade turnover between Vietnam and ASEAN reached $29.57 billion, accounting for 15.4 per cent of the country’s total import-export revenue. Vietnamese businesses earned nearly $1.53 billion from exports to ASEAN in September alone, down 4.3 per cent from the previous month. But their nine-month exports to ASEAN markets rose 11.1 per cent to $13.72 billion compared...

vietnam_trade1Vietnam ran up a trade deficit of $2.13 billion with other ASEAN members in the first nine months of this year, or 15.5 per cent of its export total to the bloc, Voice of Vietnam reported on October 18.

Vietnam Customs statistics show nine-month trade turnover between Vietnam and ASEAN reached $29.57 billion, accounting for 15.4 per cent of the country’s total import-export revenue.

Vietnamese businesses earned nearly $1.53 billion from exports to ASEAN in September alone, down 4.3 per cent from the previous month. But their nine-month exports to ASEAN markets rose 11.1 per cent to $13.72 billion compared to the same period in 2012, according to the statistics.

Vietnam’s ASEAN imports were worth $1.8 billion in September and a cumulative $15.85 billion in 2013 so far, a slight 2.6 per cent increase on the first three quarters of 2012.

Malaysia was Vietnam’s largest ASEAN trade partner during the reviewed period, followed by Thailand, Singapore, and Indonesia.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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