Monday, 22 Oct 2018
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ECONOMY

Vietnam posts record trade surplus of US$5.57 billion year to Sept. 15

Updated at Saturday, 22 Sep 2018, 12:13
The Hanoitimes - Export value of the FDI sector as of September 15 reached US$118.81 billion, up 16.4% year-on-year or US$16.78 billion, accounting for 70.5% of Vietnam`s total export value.
In the first half of September, Vietnam's trade surplus reached US$878 million, resulting in a record trade surplus of US$5.57 billion year to September 15, according to the General Department of Vietnam Customs (GDVC).
 
Illustrative photo.
Illustrative photo.
Total trade value in the first 15 days of September reached US$19.56 billion, down 19.1% or US$4.62 billion compared to the last 15 days of August.

This resulted in a trade turnover of US$331.57 billion in the year through September 15, up 14% or US$40.64 billion year-on-year.

The country's export turnover in the first half of September reached US$10.22 billion, down 23.3% or US$3.11 billion compared to 15 days earlier, resulting in total export turnover of US$168.57 billion as of September 15, up 16.3% or US$23.63 billion year-on-year. 

Export turnover of the FDI sector in the first half of September decreased by 21.6% or US$2.08 billion to US$7.59 billion compared to the last half of August. 

The figure brought total export value of the FDI sector to US$118.81 billion as of September 15, up 16.4% year-on-year or US$16.78 billion, accounting for 70.5% of Vietnam's total export value. 

Meanwhile, Vietnam's import value in the first half of September was reported at US$9.34 billion, down 14% or US$1.51 billion compared to the last half of August. 

As of September 15, total import turnover stood at US$163 billion, up 11.7% or US$17.02 billion year-on-year.

FDI sector's import turnover in the first half of September reached US$5.85 billion, down 14.5% or US$995 million compared to the last 15 days of August.

Overall, total import turnover of foreign companies as of September 15 amounted to US$97.63 billion, up 11.8% year-on-year or US$10.31 billion, equivalent to 59.9% of Vietnam's total import turnover. 
Nguyen Tung
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