Trade surplus estimated at 7.21 billion USD this year
The General Department of Vietnam Customs estimates the country’s trade surplus this year at 7.21 billion USD, 5.1 billion USD higher than the figure registered last year.
The factory of the Kydo Vietnam garment company in Hung Yen province (Photo: VNA)Hanoi (VNA) – The General Department of Vietnam Customs estimates the country’s trade surplus this year at 7.21 billion USD, 5.1 billion USD higher than the figure registered last year.
The agency said on December 27 that the total trade turnover this year is likely to hit 482.23 billion USD, up 12.6 percent from a year earlier. It includes 244.72 billion USD in exports and 237.51 billion USD in imports, up 13.8 percent and 11.5 percent, respectively.
In December alone, the trade value decreased by 2.6 percent month on month to about 42.2 billion USD, including 21 billion USD in exports – down 3.4 percent, and 21.2 billion USD in imports – down 1.8 percent.
During the year, machinery, equipment and spare parts record the highest annual exports growth rate, 28 percent, to reach some 16.53 billion USD. They are followed by textile-apparel (up 16.6 percent to 30.45 billion USD) and computers, electronic products and components (up 13.4 percent to 29.45 billion USD).
Meanwhile, the fastest pace of imports is seen in fabric (up 13.5 percent to 12.91 billion USD); computers, electronic products and components (up 12.5 percent to 42.5 billion USD); and materials for textile, garment, leather and footwear production (up 5.7 percent to 5.74 billion USD), according to estimates of the Vietnam Customs. –VNA
You should also see
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
See more
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
