Is the trade deficit with South Korea a concern for Vietnam?


Last update 16:00 | 09/08/2017

VietNamNet Bridge – Economists have said that the increased trade deficit with South Korea is not expected to lead to changes in Vietnam’s economic structure.

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China remains Vietnam’s biggest supplier of goods, but South Korea has the highest growth rate of exports to Vietnam. In the first six months of the year, Vietnam imported $22.5 billion worth of products from South Korea, an increase of 51.2 percent over the same period last year.

Nguyen Thi Ngoc Linh, secretary general of VEXA (Vietnam Exporters’ Association), commented on Tuoi Tre that while the volume of goods Vietnam exports to SK has increased modestly, the imports have risen sharply.

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