Vietnam experienced a trade deficit of 1 billion USD in April, after
maintaining surplus for several consecutive months from late 2012.
According to the Ministry of Industry and Trade’s Import-Export
Department, last month, the country’s exports reached 9.7 billion USD
while its imported amounted to 10.7 billion USD.
In the first
four months of 2013, Vietnam earned 39.5 billion USD from exports,
up 16.9 percent year-on-year, while importing 40.2 billion USD worth
of goods, up 18 percent over the same period last year, resulting in a
trade deficit of over 700 million USD.
Experts attributed the
trade deficit to increasing imports by domestic firms, mostly of
machinery, equipment and materials.
They emphasised the urgent need to control imports and issue suitable policies to develop support industries.
The government should promote investment, especially in projects
serving exports and creating products replaceable for imported ones,
they suggested.-VNA