Log in
Business

Vietnam trade surplus reaches US$1.8 billion in Jan-Jul

The domestic sector reported a trade deficit of US$16.8 billion in the period, while foreign-invested firms posted a trade balance of US$18.6 billion.

Vietnam reported an estimated trade surplus of US$200 million in July, leading to a surplus of US$1.8 billion in the seven-month period, significantly lower than the surplus of US$2.6 billion in the same period last year, the General Statistics Office (GSO) has said in a monthly report.
 
Illustrative photo.
Illustrative photo.
On breaking down, the domestic sector reported a trade deficit of US$16.8 billion in the period, while foreign-invested firms posted a trade surplus of US$18.6 billion. The former’s export expanded 12.2% with a value of US$44 billion during the period, accounting for 30.3% of total exports (the rate of the same period last year was 29%), higher than the growth rate of 5.6% of the FDI sector with US$101.13 billion.

In July, Vietnam exported goods worth US$22.6 billion, up 5.5% month-on-month, while imports reached US$22.4 billion, up 14.9%.

Overall, Vietnam's trade turnover reached US$288.47 billion in the January – July period, of which its export value amounted to US145.13 billion, up 7.5% year-on-year, and imports totaled US$143.34 billion, up 8.3%.

According to the report, Vietnam's export staples during the January - July period were electronic products, computers and components with US$18.6 billion, up 14.9% year-on-year; garment with US$18.3 billion, up 10.5%; footwear with US$10.4 billion, up 13.8%; equipment, parts with US$9.7 billion, up 7.2%; wood and furniture with US$5.7 billion, up 16.4%; vehicles and parts with US$4.9 billion, up 5.9%. 

Phones and parts recorded the highest export turnover of US$27.3 billion, accounting for 18.8% of total exports and up 3.1% year-on-year. 

In the January - July period, the US remained Vietnam's biggest export market, spending US$32.5 billion on Vietnamese goods, up 25.4% year-on-year, followed by the European Union with US$24.3.2 billion, up 0.4%, and China with US$20 billion, up 0.1%. 

Meanwhile, China remained Vietnam's largest import market during January-July with turnover of US$42 billion, a 16.9% climb year-on-year. 

South Korea claimed the second place by exporting US$26.6 billion worth of goods to Vietnam, down 0.8% year-on-year, followed by ASEAN with US$18.8 billion, up 5.2%. 
Reactions:
Share:
Trending
Most Viewed
Vietnam can still thrive despite global turmoil: ADB

Vietnam can still thrive despite global turmoil: ADB

For Vietnam, this is both a challenge and an opportunity to accelerate domestic reforms, expand its global partnerships, and reinforce its competitive edge in a more complex world.

FTA Index facilitates Vietnam's 8% GDP target in 2025: Prime Minister

FTA Index facilitates Vietnam's 8% GDP target in 2025: Prime Minister

The FTA Index aims to provide transparent, objective data for central and local authorities to steer and monitor integration efforts

Q1 sees foreign investors posting $1 billion in net sales

Q1 sees foreign investors posting $1 billion in net sales

Similar outflows are seen across the region with Vietnam's foreign investor outflows remain moderate.

SSC launches Vietnam Governance Manual 2025

SSC launches Vietnam Governance Manual 2025

Vietnam targets 100% online processing of business-related procedures

Vietnam targets 100% online processing of business-related procedures

By 2026, corporate compliance costs must be halved compared to 2024, achieved through a 50% reduction in processing times.

Vietnam aims to create one million new businesses by 2030

Vietnam aims to create one million new businesses by 2030

Ministries and local governments are expected to cut at least 30% of processing times, compliance costs, and unnecessary business conditions this year.

Hanoi advances energy efficiency for businesses

Hanoi advances energy efficiency for businesses

Hanoi authorities, in collaboration with relevant agencies, are providing technical support to businesses in adopting advanced energy-saving technologies and developing energy efficiency indices.

Vietnamese spend US$13 million daily on coffee and tea

Vietnamese spend US$13 million daily on coffee and tea

Total revenue for the F&B industry is expected to reach VND755.4 trillion ($29.6 billion) this year.