Vietnam records 2.8 billion USD trade surplus
Vietnam recorded a trade surplus of 2.87 billion USD in the first eight months of this year, according to the General Department of Vietnam Customs.
Producing garments for export at the TNG Song Cong company in Thai Nguyen province (Photo: VNA)During the period, the nation’s export turnover rose 6.4 percent year-on-year to 113.2 billion USD, while its import value saw a slight increase of 0.3 percent to more than 110.34 billion USD.
The foreign direct investment sector recorded a trade surplus of more than 14 billion USD, with exports worth 79 billion USD, a 9.2-percent year-on-year increase, and imports worth about 65 billion USD, a 0.1-percent increase.
The domestic sector witnessed a deficit of 11.1 billion USD in the first eight months.
According to experts, the country is likely to fail to meet the target of fetching a total of 181.5 billion USD from exports by year-end or a 10 percent increase from last year.-VNA
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