The trade balance reversed
Unknown Thứ Năm, 21 tháng 7, 2016 No Comment


End of June, the country $ 1.7 billion trade surplus, as opposed to a trade deficit of up to 3.43 billion dollars in the same period in 2015, according to General Administration of Customs announced.


Production of components for the automotive industry, motorcycles serve the domestic market and export company in Stanley (Hanoi) - DN Japanese FDI. Photo: Avg.
In particular, the enterprise sector foreign direct investment (FDI) surplus of 10.25 billion US dollars and the enterprise sector entirely domestic (local firms) close to 8.55 billion trade deficit .

Notably, in terms in terms of continents, Vietnam single trade deficit with Asia, primarily from China deficit.

In the first 6 months of 2016, the trade deficit with Asia is more than 26.69 billion, down 6.3% from the same period in 2015 and by 69% compared to exports to the countries of this continent.

According to the General Department of Customs, the last month of FDI enterprises still account for a dominant role in the country's export activities. Specifically, import and export value of FDI reached nearly 104.45 billion, accounting for 64.2% of total import and export value of the country, an increase of 3.6% over the same period in 2015.

Meanwhile, export turnover of the business sector in the country which fully reached 58.13 billion dollars, up 0.2% compared to the same period last year.

Separately on exports, FDI enterprises still maintain a high growth rate with more than 57.34 billion US dollars worth, up 8.9% compared to the same period in 2015. Conversely entirely domestic business reached 24.79 billion US dollars, decreased slightly by 1% over the same period last year.

Export activities of FDI enterprises focus on three main commodity groups, including telephones and components; computers, electronic products and components; cameras, camcorders and accessories with a total value reached 25.73 billion dollars, up 10.4% yoy, and accounted for 44.9% of total exports of this sector.

In contrast to the export, import activities of FDI enterprises have negative growth with a value of more than 47.11 billion, down 2.1% compared to the same period of 2015. The main items of imports FDI is the phone, computer, electronic products and components worth more than 15.89 billion; machinery, equipment, tools and accessories, turnover reached 7.07 billion dollars more ...
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