Trade deficit to reach 5 billion USD

The figure was released by the Ministry of Industry and Trade at a press conference in Hanoi on Friday in Hanoi.

The country's export revenue is estimated to reach 200 billion USD, 5 billion USD less than the value of its imports. Although the trade deficit has grown, the Ministry of Industry and Trade said that there would be no concern as Vietnam mainly buys machinery and equipment for increased business activity.

The ministry will continue to submit solutions to deal with the poor implementation of several state-invested projects to the government. Those which have seen no improvement may be forced out of business.