Although Viet Nam’s balance of trade in the first eight months of the year stood at a surplus of US$2.8 billion, analysts warn about it returning to a deficit in the coming months. —VNA/VNS Photo Duong Chi Tuong Although Viet Nam’s balance of trade in the first eight months of the year stood at a surplus of US$2.8 billion, analysts warn about it returning to a deficit in the coming months. In August, there was a deficit of nearly $100 million. Analysts said signs of returning to a deficit had begun, showing in the second quarter when export growth began to slow down. In the first quarter, exports grew at 22 per cent, but it has been downhill since then, with growth falling to 19 per cent by April-end and 16 per cent by the end of June. In July, alone export growth was estimated at 15 per cent. The analysts said running a trade deficit in the last few months of the year is a normal phenomenon since many enterprises’ demand for imported raw materials increases at this time to ensure they can supply enough goods for the peak shopping season at the end of the year and early… Read full this story
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