Vietnam to enjoy trade surplus for 9th consecutive year: experts

Vietnam is expected to maintain a trade surplus for the ninth consecutive year in 2024, given its export growth in the remainders of the year equal to that during January-July, according to experts.

During the seven-month span, Vietnam’s export revenue rose 15.7% to 226.98 billion USD, with a trade surplus of 14.08 billion USD, according to the General Statistics Office.

Experts forecast Vietnam could ship 410 billion USD worth of products overseas, and enjoy a trade balance of more than 23 billion USD for the whole 2024.

An increase in trade surplus will contribute to improving the country’s balance of payments and international reserves to ensure the national financial security.

In the first seven months of the year, there were 30 exports with a turnover of over 1 billion USD. Particularly, seven enjoyed an export value from 8 billion USD such as electronic products and, telephones and parts, and machines, equipment, tools and components.

Several products with significant growth in export earnings included coffee, rice, pepper, rubber, and cassava products./.