Business
Vietnam’s trade surplus expands to US$1.7 billion in 7 months
The FDI sector recorded a trade surplus of US$16.89 billion between January and July, contributing significantly to Vietnam’s surplus of US$1.7 billion in the period.
Vietnam posted a trade surplus of US$809 million in the second half of July, resulting in a surplus of US$1.7 billion in the January – July period, according to the General Department of Vietnam Customs (GDVC).
During the first seven months of 2019, Vietnam’s trade turnover totaled US$289.26 billion, up 8.2% year-on-year. Exports increased 7.8% or US$10.48 billion to US$145.48 billion and imports rose 8.6% to US$143.78 billion.
Among economic sectors, foreign-invested enterprises recorded the largest trade value of US$182.19 billion in seven months, up 5.4% year-on-year. The sector's exports rose 5.4% year-on-year to US$99.54 billion, while imports were up 5.5% to reach US$82.65 billion.
This resulted in a trade surplus of US$16.89 billion fetched by the sector during the January – July period.
The country's main export staples during the last 15 days of July included phones and parts worth US$567 million, up 33% year-on-year; machinery and equipment with revenue of US$200 million, up 30.2%; textile and garment worth US$194 million, up 12.5%; computers and electronic devices worth US$189 million, up 13.3%; footwear worth US$124 million, up 16.5% and fisheries worth US$81 million, up 22.6%.
Illustrative photo.
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Among economic sectors, foreign-invested enterprises recorded the largest trade value of US$182.19 billion in seven months, up 5.4% year-on-year. The sector's exports rose 5.4% year-on-year to US$99.54 billion, while imports were up 5.5% to reach US$82.65 billion.
This resulted in a trade surplus of US$16.89 billion fetched by the sector during the January – July period.
The country's main export staples during the last 15 days of July included phones and parts worth US$567 million, up 33% year-on-year; machinery and equipment with revenue of US$200 million, up 30.2%; textile and garment worth US$194 million, up 12.5%; computers and electronic devices worth US$189 million, up 13.3%; footwear worth US$124 million, up 16.5% and fisheries worth US$81 million, up 22.6%.
