The trade balance returned to a surplus for the month of July, reaching 200 million USD, the General Statistics Office (GSO) said in its recent report.
The improvement in the surplus helped narrow the total trade deficit in the January-July period to 733 million USD, equal to 1 percent of the country's total export value, said Pham Thi Quynh Loi, Deputy Director of GSO's Trade and Service Statistics Department.
In the first seven months of this year, the country is estimated to reap a total of 72.74 billion USD from exports, increasing 14.3 percent year-on-year while it imported 73.47 billion USD worth of goods, increasing 15 percent from the same period in 2012, the data showed.
It is worthy of note, foreign direct investment (FDI) enterprises still remained a driving force for the import-export activities as the sector recorded a trade surplus of nearly 7 billion USD since the beginning of this year, with exports and imports surging 22 percent and 24 percent respectively against the same period last year to reach 48.24 billion USD and 41.33 billion USD.
In contrast, the domestic sector shipped 24.5 billion USD worth of goods in the period, up 1.6 percent year-on-year, and it contributed 32.14 billion USD of the country's total import value, up 5.2 percent against 2012's same period, posting a 7.64 billion USD trade deficit.
Vietnam's export staples in the seven-month period were mobile phones and spare-parts (11.63 billion USD) – up 87 percent; garments and textiles (9.64 billion USD) – up 16.3 percent; electronic products, computers and components (5.69 billion USD) – up 40.4 percent and footwear (4.79 billion USD) – up 15.6 percent.
Most commodities recording high growth were in the FDI sector or companies in which FDI enterprises held a large amount of capital.
The country's key imported products in the period were machinery, equipment, and spare-parts (10 billion USD); electronic products, computers and components (10 billion USD); petroleum (4 billion USD); raw material for textile and leather (3.96 billion USD).
Declines or slight increases were seen in some imported goods for domestic production included fertilisers, medicines, rubber, wood and wood products.-VNA
The improvement in the surplus helped narrow the total trade deficit in the January-July period to 733 million USD, equal to 1 percent of the country's total export value, said Pham Thi Quynh Loi, Deputy Director of GSO's Trade and Service Statistics Department.
In the first seven months of this year, the country is estimated to reap a total of 72.74 billion USD from exports, increasing 14.3 percent year-on-year while it imported 73.47 billion USD worth of goods, increasing 15 percent from the same period in 2012, the data showed.
It is worthy of note, foreign direct investment (FDI) enterprises still remained a driving force for the import-export activities as the sector recorded a trade surplus of nearly 7 billion USD since the beginning of this year, with exports and imports surging 22 percent and 24 percent respectively against the same period last year to reach 48.24 billion USD and 41.33 billion USD.
In contrast, the domestic sector shipped 24.5 billion USD worth of goods in the period, up 1.6 percent year-on-year, and it contributed 32.14 billion USD of the country's total import value, up 5.2 percent against 2012's same period, posting a 7.64 billion USD trade deficit.
Vietnam's export staples in the seven-month period were mobile phones and spare-parts (11.63 billion USD) – up 87 percent; garments and textiles (9.64 billion USD) – up 16.3 percent; electronic products, computers and components (5.69 billion USD) – up 40.4 percent and footwear (4.79 billion USD) – up 15.6 percent.
Most commodities recording high growth were in the FDI sector or companies in which FDI enterprises held a large amount of capital.
The country's key imported products in the period were machinery, equipment, and spare-parts (10 billion USD); electronic products, computers and components (10 billion USD); petroleum (4 billion USD); raw material for textile and leather (3.96 billion USD).
Declines or slight increases were seen in some imported goods for domestic production included fertilisers, medicines, rubber, wood and wood products.-VNA
