Vietnam's Electronics Industry Faces Trade Deficit Despite Strong Export Growth
Economy

Vietnam's Electronics Industry Faces Trade Deficit Despite Strong Export Growth

Despite robust export growth, Vietnam's electronics industry is grappling with a trade deficit due to high import reliance. The Ministry of Industry and Trade is urging analysis of its import-export structure to identify challenges and propose solutions.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • Vietnam Tax Agency Addresses Discrepancies in Land Tax Records

    Vietnam's tax authorities have ordered local departments nationwide to urgently review and rectify cases where citizens who have paid land use tax are still incorrectly recorded as debtors. This issue has led to public dissatisfaction and highlighted administrative inefficiencies.

  • Vietnam Trade Surpasses $1 Trillion for First Time

    Vietnam's foreign trade in goods has surpassed $1 trillion for the first time. Exports rose 27.2% year-on-year to $493 billion, while imports increased 37.6% to nearly $508 billion, resulting in a trade deficit of $14.02 billion.

  • Vietnam Considers Gold Certificate Pilot to Unlock Hoarded Wealth

    A proposal to pilot gold certificates in Vietnam aims to unlock the estimated 500 tons of gold held by citizens, channeling it into the economy. This initiative seeks to diversify long-term capital sources beyond the current reliance on bank credit, which fuels economic growth.

  • Vietnam's E-commerce Market Surges 44.5% YoY to Over $17 Billion in 9 Months

    Sales on Vietnam's four major e-commerce platforms reached VND441.97 trillion ($17.115 billion) in the first nine months of the year, a 44.47% increase year-on-year. The third quarter saw significant growth in both sales value and volume, highlighting the market's rapid expansion.