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Vietnam reports $177 million trade deficit in May

Staff writer |
Vietnam saw a trade deficit of $177 million in May after two months enjoying slight surplus, according to statistics from the General Department of Vietnam Customs.

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The country shipped $14.37 billion worth of products to foreign countries (up 0.1%) while imports ballooned to $14.55 billion (up 3.4%) in the month.

During the first five months of this year, Vietnam’s foreign trade totalled $133.25 billion, a year-on-year increase of 2.2%. The national balance of trade saw a surplus of $1.64 billion with export turnover at $67.44 billion and import value at $65.8 billion.

Foreign-invested enterprises posted $8.34 billion in trade surplus while domestic businesses ran a trade deficit of nearly $6.7 billion.

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