15:33 | 25/05/2015 Trade
The Vietnam trade deficit widened less than expected in the five months leading up to June and a rebound in imports hinted to some firming in domestic demand early in the second quarter of the year.
The General Statistics Office of Vietnam (GSO) said that for the January-May period, export revenue jumped 7.3% on-year to US$63.2 billion while imports increased 15.8% to US$66.2 billion, resulting in a widening of the trade deficit by US$3 billion.
Leading government economists had generally expected the trade deficit to rise by a substantially higher figure.
The increase in imports for the period – which reflected rises in industrial machinery, equipment and supplies in addition to consumer goods – pointed to some strengthening in domestic demand.
Source VOV News