Slowing global economy hits Vietnam foreign trade

On downtrend: Sparks fly as a worker labours at a wind turbine tower factory in Tan Thanh. Vietnam’s foreign trade stood at US$210.79bil (RM954bil) in the first four months, down 13.6% from a year earlier. — Bloomberg

HANOI: Vietnam witnessed declines in exports and imports in the first four months of this year, and exploring new markets is now considered one of the solutions to foreign trade bottlenecks.

Difficulties facing the world economy continued affecting the country’s foreign trade in April, as trade value totalled US$53.57bil (RM242bil), falling 7.7% month-on-month (m-o-m) and 18.8% year-on-year (y-o-y).