Vietnam gained a trade surplus of 1.59 billion USD in the first half of this year, according to the latest statistics from the General Department of Customs.
In the first six months of 2019, Vietnam’s import-export turnover exceeded 200 billion USD. However, poor market conditions have significantly affected the prices of many key exports.
The forestry industry gained a trade surplus of over 4.57 billion USD in the first seven months of this year, according to the Vietnam Administration of Forestry (VNFOREST) under the Ministry of Agriculture and Rural Development.
As many as 28 commodities reported import value of more than a billion USD in the first seven months of 2019, according to the General Statistics Office.
Vietnam posted a positive trade surplus of over 1 billion USD with ten countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) seven months after the trade deal came into effect, according to a report by the General Department of Vietnam Customs.
With its series of recent free trade agreements, Vietnam is becoming very attractive to foreign businesses, especially in the textile and garment sector.