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ECONOMYTRADE - SERVICE

Vietnam posts trade surplus of US$6.33 billion year to Oct. 15

Updated at Friday, 19 Oct 2018, 16:32
The Hanoitimes - FDI companies in the Southeast Asian country enjoyed a trade surplus of US$23.98 billion year to October 15.
In the first half of October, Vietnam's trade surplus reached US$39 million, resulting in a record favorable trade balance of US$6.33 billion year to October 15, according to the General Department of Vietnam Customs (GDVC).
 
Data: GDVC. Source: Nguyen Tung.
Data: GDVC. Graphic: Nguyen Tung.
Total trade value in the first 15 days of October reached US$20.32 billion, down 2.1% or US$443 million compared to the last 15 days of September.

This resulted in a trade turnover of US$372.87 billion in the year through October 15, up 13.9% or US$45.5 billion year-on-year.

The country's export turnover in the first half of October reached US$10.18 billion, down 6.2% or US$667 million compared to 15 days earlier, resulting in total export value of US$189.6 billion as of October 15, up 15.6% or US$25.6 billion year-on-year. 

Export turnover of the FDI sector in the first half of October decreased by 6.6% or US$518 million to US$7.31 billion compared to the second half of September. 

The figure brought total export value of the FDI sector to US$133.93 billion year to October 15, up 15.5% year-on-year or US$17.94 billion, accounting for 70.6% of Vietnam's total export value in the period. 

Meanwhile, Vietnam's import value in the first half of October was reported at US$10.14 billion, up 2.3% or US$224 million compared to the last half of September. 

As of October 15, the country's import turnover stood at US$183.27 billion, up 12.1% or US$19.8 billion year-on-year.

Meanwhile, total import turnover of foreign-invested companies as of October 15 amounted to US$109.95 billion, up 12.1% year-on-year or US$11.85 billion, equivalent to 60% of Vietnam's total import turnover. 

As a result, FDI companies in the Southeast Asian country enjoyed a trade surplus of US$23.98 billion year to October 15, reaffirming their vertebral importance in Vietnam's external trade as well as macroeconomic stability.
Nguyen Tung
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