AsemconnectVietnam - In the past 11 months, Vietnam’s export revenue from China reached $13.5 billion but the country spent up to $39.9 billion to import all kinds of goods from the Chinese market.

Vietnam’s trade deficit from this market during this period rose over 22.1 percent compared to the same period last year, to $26.4 billion.

According to economic experts, a large amount of foreign currencies were also spent to import Chinese goods via the border, including smuggled goods. In 2012, Vietnam announced that it would pay $28.8 billion for Chinese goods but the Chinese announced a figure of $34 billion.

Source: Intellasia