Vietnam’s Trade Deficit Gets Wider

Vietnam’s trade deficit widened to $1.2 billion in June as exports slumped due to a decline in gold sales.  Exports slipped 5% to $6 billion and imports were nearly unchanged $7.2 billion.  For the first half of 2010, Vietnam’s deficit was $6.7 billion  compared to $2.3 billion last year.

Vietnam’s export figures had risen in May as traders sold gold to take advantage of a gap between domestic and international prices.  Exports of precious metals in June fell to $350 million from $993 million in May.

The country’s central bank says a widening deficit poses a “macroeconomic risk.”

More on Vietnam’s trade deficit

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One response to “Vietnam’s Trade Deficit Gets Wider

  1. Pingback: Tweets that mention Vietnam’s Trade Deficit Gets Wider « Vietnam Economics – Vietnomics -- Topsy.com

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