Vietnam’s external trade decreased 1.4% year-on-year to nearly US$240.12 billion in the six-month period.

Vietnam posted a trade surplus of US$5.46 billion in the first six months of 2020, thanks to a surplus of US$1.8 billion in June, according to the General Department of Vietnam Customs (GDVC).
Data: GDVC. Chart: Hai Yen. |
The government-run General Statistics Office last month estimated a trade surplus of US$4 billion for the six-month period.
In June, exports rose by 17.6% month-on-month to US$22.5 billion, while imports reached US$20.7 billion, up 14%. This resulted in a trade surplus of US$1.8 billion, marking the fourth month in which trade surplus topped US$1 billion in the first half this year, according to GDVC.
Revenue of some of Vietnam’s major export staples soared in the second half of June compared to the first half. They included phones and parts with an increase of 26.9% or US$432 million; textile with 24.8% or US$287 million; computers, electronic devices and parts with 13% or U$241 million; machinery, equipment and parts, up 16% or US$141 million.
Overall, the country’s external trade decreased 1.4% year-on-year to nearly US$240.12 billion in the six-month period. Upon breaking down, exports edged up 0.2% year-on-year to US$122.79 billion, and imports slipped 2.9% to US$117.33 billion.
Foreign-invested companies recorded a trade value of US$145.38 billion during the period, down 5.5% year-on-year, including $79.72 billion in exports, accounting for 64.9% of Vietnam’s export turnover. They spent US$65.66 billion on imports, down 5.3%, making up 56% of total imports. This resulted in a trade surplus of US$14.06 billion.
Meanwhile, the domestic-invested sector recorded a trade value of US$94.74 billion, up 5.7% or US$5.14 billion, or 39.4% of Vietnam’s total trade volume.
Other News
- Vietnam’s exports to hit $618 billion by 2030
- Son Tay Town kicks off Tourism Year recognizing two new destinations
- Vietnam calls for peaceful measures to int’l disputes: PM
- Hanoi mayor urges drastic measures to aid businesses
- [Infographic] Hanoi ranks second in Vietnam E-Business Index 2023
- Vietnam mulls concrete steps to bolster cooperation with ASEAN countries
- Vietnam deepens ASEAN economic ties
- Hanoi's business association partners with Suzhou's trade promoting agency
- Vietnam’s c.bank buys US$5 billion since early 2023
- Hanoi earns VND2.4 trillion from tourists during national holiday
Trending
-
Hanoi Times Weekly Podcast
-
Vietnam News Highlights for June 3, 2023
-
International Yoga Day 2023 celebrated across nation
-
Vietnamese Government urged to ban e-cigarettes
-
Vietnam’s Reunification Express named world’s most incredible rail journey: Lonely Planet
-
First Vietnamese forced laborers return from the Philippines
-
Franco-Vietnamese Filmmaker wins Best Director at Cannes 2023
-
Hanoi emerges major luxury brand destination in Southeast Asia
-
Two new suburban tourist spots diversify Hanoi’s travel options