In November, the country's import-export turnover is estimated at 57.58 billion USD. (Photo: VNA) In November, the import-export turnover is estimated at57.58 billion USD, down 1.2% month-on-month and 7.8% year-on-year, bringing thetotal value in the first 11 months to 673.8 billion USD, up 11.8% year-on-year.
In the period under review, the export revenue is estimated at342.2 billion USD, up 13.4% y-o-y, and import at 331.6 billion USD, up 10.1%.
Thirty-five commodities report an export turnover of more 1billion USD each, with eight surpassing the 10-billion-USD mark, accounting for93.7% and 70.1% of the total, respectively.
Forty-five products see the import value of over 1 billionUSD, and six over 10 billion USD, making up 93.2% and 52.3% of the total,respectively.
The US is Vietnam’s biggest importer in the period, with the turnover estimated at 101.5 billion USD, while China is thecountry’s largest exporter, with 109.9 billion USD.
In the period, Vietnam also records a trade surplus of 29.4billion USD with the European Union, and a trade deficit of 56.9 billion USDwith China.
To promote export, Deputy Minister of Industry and Trade DoThang Hai affirmed that in the last month, his ministry will a focus onsupporting businesses in finding alternative suppliers of raw materials withsuitable prices to ensure sufficient raw materials and fuel for production andconsumption, and to make good use of signed free trade agreements tospeed up production and export.
The facilitation of administrative procedures for enterpriseswill be further promoted through the application of digitalisation, typically in tax refund, import and export customs, and issuance ofthe Certificate of Origin./.
VNA
