Vietnam’s trade surplus hits record high despite COVID-19

Vietnam posted a record trade surplus of 20.1 billion USD in the first 11 months of this year despite the adverse impacts of the COVID-19 pandemic on the global economy, according to the General Statistics Office.

The office said the country’s total trade value in the first 11 months was estimated at nearly 490 billion USD, a year-on-year rise of 3.5 percent. Export value reached some 255 billion USD, up 5.3 percent and import value stood at over 234 billion USD, up 1.5 percent.

In November alone, export turnover was 24.8 billion USD, down 9 percent from the previous month, but up 8.8 percent compared with the same month last year.

Thirty-one groups of commodities joined the billion-dollar export product club, including 10 groups posting more than 10 billion USD.

The US remained the largest export market of Vietnamese goods in the 11 months, followed by China, the EU, ASEAN, the Republic of Korea and Japan./.