Business

Vietnam enjoys trade surplus of 6.52 bln USD in Jan-Sep

Vietnam estimates a trade surplus of 6.52 billion USD in the first nine months of this year.
Vietnam enjoys trade surplus of 6.52 bln USD in Jan-Sep ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – Vietnam estimates a trade surplus of 6.52billion USD in the first nine months of this year.

In the same period last year, the country posted a tradedeficit of 3.44 billion USD.

The General Statistics Office announced on September 29 thatin the period, the country’s import-export value hit 558.5 billion USD, up15.1% year-on-year. Of the total, the export turnover topped 282 billionUSD, while imports reached 276 billion USD, up 17.3% and 13% year-on-year,respectively.

In the reviewed period, 32 commodities reported their exportvalue of more than 1 billion USD each, with that of six surpassing the 10 billionUSD mark.

Meanwhile, 42 commodities saw their import value of over 1billion USD, with four surpassing the 10-billion-USD mark.

During January-September, the US remained Vietnam’s biggestimporter, with a turnover of 86.3 billion USD, while China was the country’slargest exporter, selling 91.6 billion USD worth of products.

In the period, Vietnam saw a trade surplus of 24.3 billionUSD with the European Union, and a trade deficit of 51.5 billion USD with China,up 48.2% and 21.3% y-o-y, respectively.

In September alone, the country’s total import-export valueis estimated at 58.7 billion USD, down 11% m-o-m, but up 8.4% y-o-y.

Deputy Minister of Industry and Trade Do Thang Hai said that in the remainingmonths of this year, his ministry will focus on supporting businesses in findingalternative sources of raw materials with reasonable prices to ensure a sufficient supply of fuel and materials to prepare for the year-end shopping season; andhelp them make good use of signed free trade agreements (FTAs) to speed upproduction and export.

Attention will be paid to creating more favourableconditions for enterprises to conduct administrative procedures, he added./.
VNA
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