Vietnam's BoP defies expectations
Vietnam’s balance of payment surplus soared past the $2 billion mark in first quarter 2012. This compares to the $126 million deficit it posted the same period last year. The news augurs well for the stability of the dong.
Balance of payments for Vietnam, the account of all transactions between a country and the rest of the world, hit a surplus of $2.126 billion in the first quarter this year, according to the General Statistics Office of Vietnam. This is up from $126 million deficit it ran the same time last year.
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