Capital city trade deficit tops 13 billion USD in 2014
The capital recorded a trade deficit of approximately 13.8 billion USD in 2014, according to the municipal Statistics Office.
The capital recorded a trade deficit of approximately 13.8 billion USD in 2014, according to the municipal Statistics Office.
Hanoi generated 11.07 billion USD from exports, up 11.7 percent year-on-year, while import value rose 4.3 percent to 24.45 billion USD.
In September alone, the city exported 1.02 billion USD worth of goods, increasing 5.8 percent month-on-month. It spent 2.32 billion USD to import goods, a rise of 13.7 percent that resulted in a trade deficit of 1.3 billion USD.
The capital's key export staples this year were computer spare parts and peripherals with turnover of 1.6 billion USD, up 56.6 percent; garments and textiles with 1.58 billion USD, up 20.7 percent and agricultural products with 1.13 billion USD, up 17 percent.
Other items recording encouraging export value included petroleum (815 million USD), electronics (443 million USD), glass products (331 million USD), coffee (288 million USD), footwear (249 million USD) and handicrafts (192 million USD).
The city's major export outlets included the US, Japan and China, which together received 38.4 percent of exports.
The city mainly imported petroleum with 5.45 billion USD, steel and iron with 1.18 billion USD, plastic with 772 billion USD, fertiliser with 342 million USD and chemicals with 333 million USD.
The Ministry of Industry and Trade's Import-Export Department revealed that Hanoi had the country's biggest trade deficit in 2013 with 13.5 billion USD, five times higher than southern Ba Ria-Vung Tau province with 2.9 billion USD.
Last year, the capital city posted export turnover of 9.9 billion USD and imported 23.4 billion USD worth of goods.-VNA
Hanoi generated 11.07 billion USD from exports, up 11.7 percent year-on-year, while import value rose 4.3 percent to 24.45 billion USD.
In September alone, the city exported 1.02 billion USD worth of goods, increasing 5.8 percent month-on-month. It spent 2.32 billion USD to import goods, a rise of 13.7 percent that resulted in a trade deficit of 1.3 billion USD.
The capital's key export staples this year were computer spare parts and peripherals with turnover of 1.6 billion USD, up 56.6 percent; garments and textiles with 1.58 billion USD, up 20.7 percent and agricultural products with 1.13 billion USD, up 17 percent.
Other items recording encouraging export value included petroleum (815 million USD), electronics (443 million USD), glass products (331 million USD), coffee (288 million USD), footwear (249 million USD) and handicrafts (192 million USD).
The city's major export outlets included the US, Japan and China, which together received 38.4 percent of exports.
The city mainly imported petroleum with 5.45 billion USD, steel and iron with 1.18 billion USD, plastic with 772 billion USD, fertiliser with 342 million USD and chemicals with 333 million USD.
The Ministry of Industry and Trade's Import-Export Department revealed that Hanoi had the country's biggest trade deficit in 2013 with 13.5 billion USD, five times higher than southern Ba Ria-Vung Tau province with 2.9 billion USD.
Last year, the capital city posted export turnover of 9.9 billion USD and imported 23.4 billion USD worth of goods.-VNA
You should also see
Dien Bien: Tua Chua's tourism potential needs to be further promoted
Tua Chua highland district in the northwestern mountainous province of Dien Bien boasts a lot of potential and advantages for the development of top-tier tourism.
See more
Business
InfographicExport value of six key industrial crops to reach 14-16 bln USD by 2030
Vietnam aims to post export turnover of 14-16 billion USD from six key industrial crops by 2030.
Business
Long An, Japan's Okayama city explore cooperation opportunities
Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
