Vietnam July trade surplus widens to $2.8 billion - customs

Aug 13th at 09:07
13-08-2020 09:07:04+07:00

Vietnam July trade surplus widens to $2.8 billion - customs

Vietnam recorded a trade surplus of $2.8 billion in July, widening from a surplus of $1.85 billion in June, government customs data released on Wednesday showed.

 

Exports in July rose 10.2% from June to $24.87 billion, while imports were up 6.7% to $22.10 billion, the Customs Department said in a statement.

For the first seven months of this year, Vietnam's exports rose 1.5% from a year earlier to $147.61 billion, while imports fell 3.0% to $139.21 billion, resulting in a trade surplus of $8.4 billion.

Vietnam exported 479,633 tonnes of rice in July, up 6.5% from June, according to the latest customs data.

Vietnam exported 4 million tonnes of rice in January-August, up 0.6%, the Customs Department said in a statement.

Rice export revenue in the January-July period rose 13.1% from a year earlier to $1.95 billion, it added. 

tuoitrenews



NEWS SAME CATEGORY

Vietnam-based Korean firms looking to benefit from EVFTA

The EU-Vietnam Free Trade Agreement (EVFTA) coming into force on August 1 will benefit Vietnam-based Korean companies exporting goods to the EU.

Wage proposal made to facilitate upswing

Vietnam may break a 10-year trend by not increasing regional minimum wages for private businesses in 2021 to help ease the financial burden on those ailing from the...

Galvanising development of local groups with FDI

A raft of new laws and policies will help mobilise high-quality foreign investment into large-scale projects with the requisite technology and corporate governance...

Vietnam infrastructure market among most diverse competitive landscapes in SE Asia

Foreign contractors will play an increasingly important role over the next decade, as the new PPP Law signals the government’s intention to attract more private...

Can Tho City authorities’ efforts for economic revival

Can Tho has taken many measures to combat the Covid-19 epidemic and is determined to achieve the highest possible socio-economic indicators, according to its...

Acceleration of investment program helps Vietnam mitigate Covid-19 impacts

Vietnam's domestic economic rebound continued, albeit not yet at the pace of the pre-crisis level, stated the World Bank.

PM approves implementation plan for EVFTA

The plan aims to assign tasks and responsibilities to agencies and organisations to decide on measures to implement the agreement.

Tecco Group teams up with PHILUX Global Funds to launch infrastructure fund for Vietnam

PHI Group, Inc. (PHIL), announced today that Vietnam-based Tecco Group has signed an agreement with PHI Luxembourg Development SA, a subsidiary of PHI Group, to...

Vietnam could afford raising public debt to support post-Covid recovery

By the end of 2019, Vietnam’s public debt had significantly dropped to 55% of GDP from 63.7% in 2016.

COVID-19 knocks out over 9,000 companies a month across Vietnam

While Vietnam has fared better than most in the face of COVID-19, it has not gotten away scot-free as can be seen in the 9,000 companies closing every month this...


MOST READ


Back To Top