Viet Nam’s export turnover exceeds US$80bn

May 22nd at 08:19
22-05-2018 08:19:57+07:00

Viet Nam’s export turnover exceeds US$80bn

As of May 15, Viet Nam’s export turnover reached US$82.63 billion, a year-on-year increase of 18.7 per cent, according to the statistics of the General Department of Viet Nam Customs.

 

The country’s import turnover had reached $80.11 billion in the reviewed period, up by 10.4 per cent against the same period last year.

By the middle of May, the total trade turnover of Viet Nam had reached $162.74 billion, up by 14.4 per cent against the same period in 2017.

Although Viet Nam had a trade deficit of $1.37 billion in the first half of May, the country maintained a trade surplus of $2.5 billion since the beginning of the year until May 15.

In the reviewed period, the foreign direct investment (FDI) sector’s trade turnover was posted at $105.64 billion, a year-on-year increase of 13.2 per cent. This sector recorded a trade surplus of $465 million in the first half of May, increasing its trade surplus to $1.41 billion by May 15.

The FDI sector’s export turnover by May 15 was posted at $58.52 billion, increasing by 18.6 per cent year-on-year and accounting for 70.8 per cent of the country’s export turnover.

FDI sector’s import turnover was reported at $47.11 billion, a year-on-year increase of 7.2 per cent and accounting for 58.8 per cent of the country’s import turnover.

bizhub



NEWS SAME CATEGORY

Dong Nai draws nearly US$690mn in foreign investment

The southern province of Dong Nai attracted nearly US$690 million in 76 newly licensed and existing foreign-invested projects up to May 17.

HCM City has ambitious plans for retail sector

HCM City aims to have 40 per cent of retail sales through modern distribution channels like malls and supermarkets by 2020, and 60 per cent a decade later.

E-commerce and game cards: new trends in the gaming industry

Halting phone card payments creates new prospects for the gaming industry, as gaming enterprises started co-operating with e-commerce platforms to satisfy the...

Proposed regime for reporting market prices

The Ministry of Finance (MoF) has drafted a circular on rules and methods of collecting information and reporting market prices of some domestic goods and services.

Lazada faces inspection after multiple service complaints in Vietnam

The market and consumer rights agency in Vietnam has planned to conduct an examination of the operation of Southeast Asian e-commerce firm Lazada Group after it has...

Gov’t strives to boost business environment

Recent policies have underscored the Government’s efforts to improve Viet Nam’s business environment and national competitiveness.

Vietnam to create new playing field via SAEZs

Developing three SAEZs (Special Administrative-Economic Zones) shows the determination of the Party, the National Assembly, and the Vietnamese government to...

Vietnamese exporters overcome challenges to break open US market

Vietnamese exporters were lauded at the Vietnam-US Trade Forum organised by the Ministry of Industry and Trade (MoIT) yesterday for overcoming many barriers from...

Trade and service sectors need revision

The development of wholesale and retail infrastructure in Viet Nam has faced its fair share of rocky moments, but the industry’s growing role in consumption has put...

Viet Nam-US forum seeks boost to investment, trade ties

There is a huge opportunity for Viet Nam and the US to expand investment and trade ties in many sectors, a bilateral trade forum heard in HCM City on Friday.


MOST READ


Back To Top