Vietnam trade surplus narrows to US$3 billion in Jan-Apr
Vietnam's trade turnover is likely to have reached US$162.83 billion in the first four months, up 3.4% year-on-year.
Vietnam's trade turnover is likely to have reached US$162.83 billion in the first four months, up 3.4% year-on-year.
Domestic electronic production could be among industrial sectors that face major challenges in the coming quarters as major export markets are struggling with the pandemic.
The spreading of Covid-19 epidemic in Vietnam’s major trade partners including Japan and South Korea are causing problem for export-import activities.
The move to shift output of “some premium smartphones” to Vietnam “intends to supply products to consumers in more effective, stable and timely manner,” Samsung said in a statement.
Vietnam’s recent policies to quarantine all South Koreans entering Vietnam may jeopardize Samsung’s plan to bring more than 1,000 South Korean experts into the country.
The profit, however, was lower than US$4.7 billion Samsung made in 2018, marking a decline in Samsung Vietnam’s profit for a second consecutive year.
The South Korean IT giant expected Vietnam would not only be its largest production hub, but also a strategic base for R&D.
Vietnam's trade turnover is expected to reach US$74 billion in the January – February period, up 2.4% year-on-year.
It is expected the Covid-19 epidemic will heavily impact growth in the first half of the year.