In 2013, Vietnam is forecast to have a trade deficit of 500 million USD.
According to the Ministry of Industry and Trade, export turnover for the whole year of 2013 is estimated to reach about 133.5 billion USD, an increase of about 16.6% compared to 2012; import turnover is estimated to reach about 134 billion USD, an increase of 17.8%.
It is forecasted that the trade balance for the whole year of 2013 may be at a trade deficit of about 500 million USD.
According to statistics, export turnover in November 2013 is estimated at 12.3 billion USD, down 2.5% compared to October and up 17.9% compared to the same period in 2012. Export turnover in the first 11 months of 2013 is estimated at 121 billion USD, up 16.2% compared to the same period in 2012.
In addition, import turnover in November 2013 is estimated at 12.25 billion USD, down 2.1% compared to October, up 22.3% compared to the same period. Import turnover in the first 11 months of 2013 is estimated at 121.1 billion USD, up 16.5% compared to the same period in 2012.
Statistics show that import-export activities in the first 11 months of 2013 achieved positive results. Exports continued to grow well, making an important contribution to the consumption of domestically produced products.
Although still facing difficulties, the import and export of domestic enterprises has begun to recover and has a tendency to increase gradually. The export turnover of this sector in 11 months increased by about 3.6% (11 months of 2012 increased by about 1.4%) and the import turnover increased by 6% (11 months of 2012 decreased by 7.6%).
Import and export of FDI enterprises continued to grow well (export increased by 23.5%, import increased by 26%, the whole sector had a trade surplus of 12.2 billion USD), contributing significantly to the growth of the country's turnover.
The export structure has shifted positively, towards increasing the proportion of processed industrial products, reducing the proportion of agricultural and aquatic products and mineral fuels. For example, in the first 11 months of 2013, the proportion of processed industrial products reached 70.6%, agricultural and aquatic products 15%; mineral fuels 7.3% (in the first 11 months of 2012, the proportions of these 3 groups were 64.3%; 18.4% and 10.3% respectively).
The growth in import turnover of goods needed for production and investment in the first 11 months of 2013 (up 16.5% over the same period) shows the recovery of the economy (in the first 11 months of 2012, import turnover of this group only increased by 9.8%). Accordingly, it is forecasted that in 2014, the economy will grow better than in 2013.
According to Hanoimoi
