Vietnam's total export and import turnover reached 117.69 billion USD in September, up 7.3% from the previous month and 42.4% year-on-year. Notably, the goods trade balance returned to a surplus of 1.27 billion USD after nine consecutive months of deficit.
Samuel Sekuritas Indonesia's senior economist Fithra Faisal Hastiadi has cautioned that President Prabowo Subianto's priority programme for providing free nutritious meals can significantly widen the country's 2025 budget deficit.
According to the General Department of Customs, Vietnam's import and export turnover reached 700 billion USD (As of mid-December 2022). It is notable that Vietnam surpassed developed countries in the region to rank second in ASEAN.
The Thai government is planning a fiscal 2023 budget worth 3.185 trillion THB (about 95 billion USD), with a deficit of 695 billion THB for the fiscal year, which starts in October 2022.
Indonesia’s trade balance recorded a surplus of 2.33 billion USD in August, with exports and imports valued at 13.07 billion USD and 10.74 billion USD, respectively, according to the Central Agency of Statistics (BPS).
Bank Indonesia (BI) reported on August 18 that the balance of payments (BoP) of the country had a surplus of 9.2 billion USD in the second quarter of 2020.
Over the past 25 years, the economic ties between Vietnam and the Republic of Korea have flourished, but the trade imbalance between the two countries has reached an alarming level.
Vietnam’s health insurance fund is forecast to struggle with an enormous deficit of more than 10 trillion VND (434.8 million USD) this year, according to a newly released information from the Vietnam Social Insurance (VSI).
The large import of machinery, equipment and parts in the first ten months of this year reflected increasing investment in the manufacturing and processing industry.
HCM City faces a deficit of around 42 trillion VND (2 billion USD) in infrastructure funding over the next five years, the head of a State financial firm has said.
Vietnam's export value till September of this year increased by nearly 10 percent to nearly 120.7 billion USD while imports surged 16 percent to 124.6 billion USD.
The Indonesian Ministry of Finance has said the country would borrow 4.2 billion USD from the World Bank and the Asian Development Bank (ADB) to cover budget deficit.
