Electronics sector drags October exports down

A strong rise in imports could narrow Vietnam’s September trade surplus to $500 million from a surplus of $3.44 billion in August.

Vietnam recorded a trade surplus of $1.7 billion in August, nearly equaling that of the first 7 months of this year.

Vietnam’s economy was enlarged by 25.4 percent for the 2010–17 period, after the General Statistics Office revised its GDP measurement method.​

Vietnam is reassessing its GDP methodology to meet international norms and better reflect its economic size and structure.

The domestic private sector has the lowest productivity in Vietnam, where the public sector tops the list.

New data confirms Saigon and Hanoi are the two most expensive cities in Vietnam, the former dearer than the latter.

Vietnam’s GDP grew 6.79 percent in the first quarter of this year, slower than 7.38 percent in same period last year. 

Vietnam’s exports fell by 1.3 percent year-on-year in January to $20 billion as phone shipments fell sharply.

Vietnam’s coffee export volumes for 2018 are expected to increase 20.1 percent from last year, while rice exports are estimated to rise 4.6 percent.

Vietnam’s GDP grew by 6.98 percent between January and September, the highest nine-month growth rate since 2011.

Inflation could rise even further and cannot be taken lightly, PM cautions.

Vietnam has witnessed an across-the-board increase of tourists from around the world at the start of the year.

Vietnam is estimated to post a trade surplus of around $1.5 billion in the first half of 2016, according to the General Statistics Office (GSO) on Tuesday.