Vietnamplus

Experts have judged that the national export goal and trade deficit rate next year set by the Government was feasible.

Thailand’s export turnover in July grew 8.27 percent to 20 billion USD in the 17th straight month of expansion, indicating that the country overall has not yet been affected by the US-China trade war.

Vietnam-Thailand trade is likely to hit 20 billion USD in 2020, but the target to keep the trade value in balance may not be met with Vietnam currently running huge trade deficit with the neighbouring country.

The trade war between the US and China is causing widespread concern over possible risks posed to the global economy, including that in Vietnam.

Vietnam’s total import-export value was estimated at 182.8 billion USD in the first five months of this year, up 11.9 percent annually, said the General Department of Customs on May 30.

Vietnam’s export growth in 2018 is hoped to be 8-10 percent higher than in 2017, according to a plan set by the National Assembly and the Government.

Vietnam recorded 2.8 billion USD in trade surplus in the first 11 months of 2017.

Ho Chi Minh City is likely to achieve export value of 35.2 billion USD this year, a 15.1 percent increase from last year, and imports of 43.1 billion USD, a 13.2 percent rise.

Thailand’s commerce minister Apiradi Tantraporn on October 18 rejected claims that the country engages in unfair currency practices to gain a trade advantage over partners, particularly the US.

Vietnam can achieve a whopping 56 percent annual rise in export turnover this year to reach 275 billion USD, a senior official has said.

Export turnover in the first 9 months of 2017 enjoyed a year-on-year rise of 19.8 percent, while import value was up 23.1 percent, resulting in trade deficit of 500 million USD.

Deputy Prime Minister Truong Hoa Binh has called on Vietnam and the Republic of Korea (RoK) to increase the exchange of high-ranking visits and meetings in order to enhance political trust, expand cooperation and deepen their bilateral ties.

Improving the quality of domestically-produced goods is critical for Vietnam to compete with imported products from and narrow the trade deficit with Thailand, according to the Ministry of Industry and Trade (MoIT).

In the first eight months of 2017, export and import turnover rose 17.9 percent and 22.3 percent year-on-year, respectively. The country recorded a trade deficit of 2.13 billion USD.

Vietnam’s trade deficit was estimated to hit 2.13 billion USD in the first eight months of 2017, according to the General Department of Vietnam Customs.

Thailand's export sector in July expanded by 10.5 percent to 18.85 billion USD, reflecting global economic recovery.

Vietnam’s trade deficit with Thailand stood at nearly 3 billion USD in the first seven months, up nearly 25 percent over the past year, as it imported more than 5.6 billion USD worth of goods from Thailand and exported only 2.6 billion USD of goods to the country, according to the General Department of Vietnam Customs.

Vietnam posted a trade surplus of nearly 430 million USD in the second half of July, after many consecutive months of deficit.

In the first 7 months, export & import turnovers increased 18.9 and 24.4 percent, respectively, from the same period last year.

Vietnam’s trade deficit was estimated at 3.08 billion USD in the first seven months of this year, according to the latest data released by the General Statistics Office (GSO).