Vietnam to post $26.4 bln trade deficit with China in 11 months

Vietnam is forecast to post a trade deficit of 26.4 billion U.S. dollars with China in the first 11 months of 2014, according to Vietnam's General Statistics Office on Thursday.

The figure represents a year-on-year increase of 22.1 percent, the statistics agency said in a monthly report posted on its website.

During the period, China remained the largest supplier of commodities for Vietnam with some 39.9 billion U.S. dollars worth of products, an increase of 18.9 percent year-on-year.

Vietnam is forecast to earn some 13.5 billion U.S. dollars from exports to China in the January-November period, up 13.1 percent year-on-year.

Total trade between the two countries in the 11 months is expected to amount to 53.4 billion U.S. dollars.

Vietnam's foreign trade is predicted to be some 272 billion U.S. dollars in the 11 months.