Posted on August 31, 2023

Imports to Vietnam for August fell 8.3% from a year earlier to $28.55 billion, resulting in a trade surplus of $3.82 billion, the General Statistics Office (GSO) said.

Vietnam is suffering from subdued global demand and tightening moves by the U.S. Federal Reserve.

Industrial output for January-August fell 0.4% from a year earlier.
“The global economic difficulties in the first months of this year have affected domestic industrial production, but the August reading has shown a positive trend,” the GSO said in a statement.

For the first eight months, Vietnam’s exports fell 10% from a year earlier to $227.71 billion, while imports were down 16.2% to $207.52 billion, with an estimated trade surplus of $20.19 billion over that period, it said. August exports were worth $32.37 billion.

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