Vietnam’s 1Q trade surplus reported at $4 billion despite coronavirus ...
Vietnam reported total trade revenue in the first quarter at $122.73 billion, up 5.7% over the same period last year, according to data from the General Department of Customs.
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Fitch Solutions revised forecast for Vietnam’s credit growth to slow to 8% in 2020, from 11% previously, due to a sharp slowdown in economic activity amid the COVID-19 pandemic.
While the world’s third-biggest rice exporter has since reopened some trade, hundreds of thousands of tons of spoiling rice at the country’s ports show the dangers of curbing exports.
Vietnam government has called for drastic measures to keep market price low amid the ongoing coronavirus epidemic, aiming to meet the 4% inflation target placed earlier.
Vietnam reported total trade revenue in the first quarter at $122.73 billion, up 5.7% over the same period last year, according to data from the General Department of Customs.
Fitch Ratings Inc. has revised down Vietnam’s economic growth outlook for this year by 0.5 percentage point to 2.8 percent, below the Bloomberg consensus of 6.1%.
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Vietnam’s 2020 economic growth could slow to 5.05% on pandemic
Fitch projects Vietnam’s 2020 economic growth to slow to 3.3%