$315 million trade deficit during seven days of Lunar New Year
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| Vietnam has seen lively trading during the first week of the new lunar year |
According to statistics of the General Department of Vietnam Customs, during the first seven days of the Lunar New Year (February 14-20, 2018), 108 custom branches recorded export and import activities with approximately 5,100 declarations.
As many as 617 firms conducted export and import during the Tet holiday, down 12.4 per cent on-year.
The total export and import turnover was $893 million during the seven days, a sharp increase of 47 per cent against the last Lunar New Year, including $289 million (up 50 per cent) of export turnover and $604 million of import turnover (up 45.7 per cent).
The main export items during the holiday were computers, phones, electronic products, and components with the value of $243 million, equaling 84 per cent of the total export turnover.
The major import items were computers, phones, and components worth $354 million, petroleum with $74 million, and machines, equipment, and spare parts with $56 million.
As a result, the country’s trade deficit was $315 million during the seven days of the holiday.
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