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Vietnam's foreign trade down 15.2 pct on year in 6 months

HANOI, July 4 (Xinhua) -- Vietnam posted an estimated foreign trade value of 316.65 billion U.S. dollars in the first six months of this year, down 15.2 percent year on year, with a trade surplus of 12.25 billion dollars, local media reported on Tuesday, citing the General Statistics Office.

Specifically, the export revenue stood at 164.45 billion dollars, down 12.1 percent, while the import revenue decreased 18.2 percent year on year to 152.2 billion dollars, the local newspaper Baodautu reported.

Reduced export orders and world demand led to decreasing demand for importing raw materials, the newspaper reported, citing the ministry of industry and trade.

The difficulties in trade activities still linger in the second half of this year due to the complex developments of the global economy, politics and security, the ministry said.

The ministry added that it would closely monitor the production situation of industries and fields to promptly remove difficulties for them.

The United States remained Vietnam's biggest importer with turnovers of 44.2 billion dollars, and China was its largest exporter with turnovers of 50.1 billion dollars over the period, according to the office.