Vietnam could achieve trade balance this year

(VOVWORLD) - Vietnam could achieve trade balance, or even a trade surplus, this year, Deputy Head of the Agency of Foreign Trade Tran Thanh Hai told a press conference on Thursday. 
Vietnam could achieve trade balance this year - ảnh 1Illustrative image (Photo: VNA)

Vietnam ran a trade surplus of 500 million USD in September and a deficit of more than 2.1 billion USD in nine months of this year.

According to Mr. Hai, the current trade deficit is not a cause for concern, considering that the trade deficit dropped to 100 million USD in August after topping 2 billion USD in July, and September saw the return of a trade surplus.

Vietnam’s exports are enjoying favorable conditions thanks to free trade agreements and rising market demand at year’s end. Therefore, if there is no major change in the pandemic situation, export activities in southern localities are expected to regain speed in the last quarter of the year, helping to balance trade or even produce a surplus, Mr. Hai said.