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
- HoSE releases information on proprietary trading
- Microsoft seeks greater cooperation with Vietnam in digitalization
- Vietnam targets to have 10 SOEs with over US$5-billion market cap by 2025
- Vietnam’s e-commerce: driver for economic recovery in post-Covid-19
- US gives top priority to relations with ASEAN
- Vietnam’s economy maintains recovery trend
- Vietnam seeks closer economic cooperation with US: PM
- Petrol prices in Vietnam set new record
- Higher quality standards to ensure Vietnam’s sustainable trade with EU
- Regional focus on supporting Vietnam’s post-Covid recovery: Standard Chartered
Trending
-
Vietnam opens doors for foreign investors in new business fields: PM
-
Dream of a riverside city
-
Where to go and what to do in Hanoi for locals and tourists?
-
Exhibitions mark President Ho Chi Minh’s 132nd birthday anniversary
-
The Vietnam-US comprehensive partnership facilitates investment activities: PM
-
FPT opens new office in New York, 10th in US
-
Vietnam’s e-commerce: driver for economic recovery in post-Covid-19
-
Vietnam, Qualcomm boost cooperation for 5G development
-
SEA Games 31 delegates get free Hanoi Bus Tour