Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.
The US trade deficit increased 27.0% last year to an all-time high of $859.1 billion. The trade deficit was at $676.7 billion in 2020. How does it impact the US dollar?
Vietnam has experienced 10 years of rapid commodity export growth, achieving impressive results. However, the implementation of the Commodity Import-Export Strategy...
Vietnam posted a trade deficit of 3.71 billion USD in the first eight months of 2021 as the country's imports rose 33.8 percent year on year to 216.26 billion USD while...
The latest COVID-19 outbreak negatively affected both input and consumer demands, so the trade deficit would be insignificant in 2H2021 despite higher import prices,...
Despite trade deficit in the first half of 2021, experts still predicted that Vietnam will soon resume balance in the trade of goods thanks to the strong growth in...
Vietnam reported a trade deficit of 1.35 billion USD in the first half of June as exports reached only 12.3 billion USD – down nearly 2 billion USD compared to the...
It is likely that the trade balance would return to positive in the coming months as exports normally go up in the final months of the year.
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