Vietnam posts Q1 trade surplus at 4.07b U.S. dollars

Vietnam reported a trade surplus of 4.07 billion U.S. dollars in the first quarter of this year, government data released on Wednesday showed. Exports in the January-March period fell 11.9 percent from a year earlier to 79.17 billion dollars, while imports declined 14.7 percent to 75.1 billion dollars, the General Statistics Office (GSO) said in a statement. Vietnam’s exports and imports lost momentum in the first three months as the country continued to face external headwinds from a slower global recovery and synchronized tightening of monetary policy around the world in response to inflation, which crippled demand from its key markets, the GSO said.—APP