Vietnam’s trade surplus expands to $9.01 billion in Jan-Oct

16-Nov-2019 Intellasia | HanoiTimes | 6:02 AM Print This Post

The FDI sector posted exports of $149.83 billion in the January October period, up 4.8 percent or $6.93 billion year-on-year, accounting for 68.5 percent of Vietnam’s exports.

Vietnam recorded a trade surplus of $1.86 billion in October, leading to a surplus of $9.01 billion in the first 10 months of 2019, up 23 percent year-on-year, according to the general Department of Vietnam Customs (GDVC).

Statistics of the department show that Vietnam’s external trade in October reached U$46.61 billion, up 3.3 percent from September, of which exports were $24.23 billion, up 3.7%, and imports $22.37 billion, up 2.39%.

In the first 10 months of the year, the country’s external trade hit $428.63 billion, up 8 percent compared to the same period in 2018. Upon breaking down, exports totalled $218.82 billion, up 8.3 percent year-on-year, and imports reached $209.81 billion, representing an increase of 7.7%.

In October, foreign-invested companies had a total import-export value of $28.93 billion, including $16.44 billion in exports, up 1.4 percent from September, and $12.48 billion in imports, down 4%.

Between January and October, foreign direct investment (FDI) companies recorded a trade turnover of $271.13 billion, accounting for 63.3 percent of the entire country and up 4.3 percent from the same period last year. Meanwhile, the domestic sector recorded a trade value of $157.5 billion, or 36.7 percent of Vietnam’s total trade revenue, up 14.9 percent year-on-year.

The FDI sector posted exports of $149.83 billion in the January October period, up 4.8 percent year-on-year, accounting for 68.5 percent of Vietnam’s exports, while the sector imported goods worth $121.3 billion during the period, up 3.7 percent year-on-year, accounting for 57.8 percent of total imports.

http://hanoitimes.vn/vietnams-trade-surplus-expands-to-us901 billion-in-jan-oct-300157.html

 

Category: Economy, Vietnam

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