Vietnam trade turnover hits nearly US$389 billion in Jan-Sept
The Hanoitimes - Trade revenue continued to set a new record high in September and reached over US$50-billion mark for the second consecutive month since the beginning of the year.
Vietnam’s trade turnover in the first nine months of 2020 stood at US$388.62 billion, representing an increase of 1.7% year-on-year or US$6.6 billion, according to the General Department of Vietnam Customs (GDVC).
|Vietnam recorded a trade surplus of US$16.52 billion in 9-month period.|
Upon breaking down, the export value was US$202.57 billion during the period, up 4.1% year-on-year, while imports reached US$186.05 billion, down 0.7%.
This resulted in a trade surplus of US$16.52 billion, slightly lower than the estimated figure of US$16.99 billion of the General Statistics Office for the January – September period.
The growth of import and export activities in the past few months, though not as high as in recent years, is still an encouraging result amidst difficulties of global trade due to the effects of the Covid-19 pandemic, asserted Bao Viet Securities Company (BVSC).
In September, the total value of imports and exports continued to set a new record high and reached over US$50-billion mark to US$51.37 billion for the second consecutive month since the beginning of the year, or an increase of 1.9% year-on-year.
As such, exports grossed an estimated US$27.16 billion, down 1.9% month-on-month, while imports rose 6.5% month-on-month to reached US$24.2 billion.
The growth of imports and exports in two consecutive months of August and September raised total trade volume in the third quarter to US$148.8 billion, up 27% compared to the previous quarter, the largest since the beginning of the year.
The export turnover in the third quarter of 2020 reached US$79.8 billion, up 34% year-on-year, while the import value was US$69 billion, up 20.2% compared to the second quarter.
- Vietnam trade surplus hits new record of US$18.72 billion in 10-month
- Vietnam seeks sustainable trade relations with US
- Vietnam’s packaged food enjoys double-digit growth in post Covid-19: Kantar
- Over 200 Vietnam firms to join Factory Network Business Expo Hanoi 2020
- EU-Vietnam Business Council founded to support implementation of EVFTA
- Vietnam records world’s highest trade growth in Q3: UNCTAD
- VEPR revises down Vietnam's 2020 GDP growth forecast to 2.8%
- Vietnam e-commerce market may lose US$2.6 billion on Covid-19
- Vietnam: Lessons drawn from first gov’t Covid-19 relief package
- Vietnam economic recovery firms up in September: WB
Hanoi enforces face mask wearing regulation in public places: Mayor
Hanoi urged to complete construction of waste-to-energy plant soon
Hanoi's second metro project progresses on schedule
Hanoi expected to realize disbursement target of ODA funds in 2020
Hanoi completes traffic infrastructure to develop satellite urban areas: Official
Close-up of first train of Hanoi’s second metro line put on rails
Apple partner Pegatron mulls US$1-billion investment in hi-tech projects in Vietnam
Hanoi’s weekend pedestrian streets allowed to reopen from September 18
European investors propose US$1 billion logistics project in Vietnam