Tuesday, 11 Dec 2018
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ECONOMY

Vietnam posts trade surplus of US$2.85 billion in seven months

Updated at Friday, 10 Aug 2018, 17:51
The Hanoitimes - Export value of the FDI sector in the first seven months reached US$94.2 billion, up 15.9% year-on-year, accounting for 70% of Vietnam`s total export value.
In the last 15 days of July, Vietnam's trade surplus reached US$83 million, resulting in a trade surplus in the first seven months of US$2.85 billion, widening from the US$2.71 billion recorded in the January - June period, according to the General Department of Vietnam Customs (GDVC).
 
Illustrative photo.
Illustrative photo.
Total trade value in the second half of July reached US$23.53 billion, up 34% year-on-year or US$5.97 billion compared to the first 15 days of July. 

This resulted in trade turnover of US$266.17 billion in the first seven months of 2018, up 13.5% or US$31.74 billion year-on-year.

The country's export turnover in seven months stood at US$134.51 billion, up 16% or US$18.6 billion year-on-year.

Export turnover of the FDI sector in the second half of July jumped 48.3% or US$2.74 billion to US$8.4 billion compared to the first half of July. 

The figure brought total export value of the FDI sector to US$94.2 billion in the January-July period, up 15.9% year-on-year, accounting for 70% of Vietnam's total export value. 

Meanwhile, Vietnam's import value in the second half of July was reported at US$11.72 billion, up 27.1% or US$2.5 billion compared to the first half of July. 

By the end of July, total import turnover stood at US$131.66 billion, up 11.1% or US$13.14 billion compared to the same period of last year. 


FDI sector's import turnover in the second half of July reached US$7.3 billion, up 29.6% or US$1.67 billion compared to the first 15 days of July.

Overall, total import turnover of foreign companies in the first seven months amounted to US$77.81 billion, up 10.4% year-on-year, equivalent to 59.1% of Vietnam's total import turnover. 
Hai Yen
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