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Positive signs in trade surplus

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Dec 21, 2013 / 03:03 PM

Viet Nam enjoyed a trade surplus of US$760 million over the past 11 months, according to the Viet Nam Customs.

The figure is expected to reach US$1 billion by the year end if export turnover in December is equal to the figure made in November.

Total export turnover in 11 months hit US$120.57 billion, a year-on-year increase of 15.7% and import turnover was US$119.81 billion, up 15.3%.

Viet Nam’s exports and imports in 2013 are estimated to obtain US$132.5 billion and US$131.5 billion, respectively, resulting a trade surplus of US$1 billion.

Viet Nam is expected to enjoy trade surplus in two consecutive years.

Eighteen cities and provinces out of the country's 63 have seen their export value exceeding US$1 billion. Ho Chi Minh City and Bac Ninh Province have posted an export turnover of more than US$25 billion.

In the recent 11 months, 26 countries and territories imported Vietnamese products with value of more than US$1 billion. The US ranked first with US$20 billion. Viet Nam had trade surplus of more than US$1 billion from the US, the United Arab Emirates, the UK, Hong Kong, Cambodia, the Netherlands, Germany, Australia, Austria, France, Canada, Turkey and Russia.

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