Vietnam posts record trade surplus of nearly US$11 billion

Vietnam enjoyed a trade surplus of close to US$11 billion during the first 11 months of the year, with roughly US$1.45 billion being recorded during November, according to the latest statistics released by the General Department of Vietnam Customs.

Vietnam's total import and export value throughout November suffered a drop of 5.3 per cent to US$44.13 billion in comparison to the previous month.

This drop in November comes despite the country’s total import-export value surging by 7.2 per cent during the 11-month period to US$472.63 billion against the same period from last year.

Of the figure, the country's exports during November grossed US$22.79 billion, a fall of 5.9 per cent from the previous month and bringing the total export turnover throughout the reviewed period to US$241.65 billion, an increase of 7.9 per cent on-year.

November saw the export value of foreign direct investment (FDI) firms reach US$15.17 billion, a 7.7 per cent fall in comparison to October, bringing the total export turnover by FDI enterprises to US$165 billion during the 11-month period, up 4.1 per cent on year.

The commodities that enjoyed the highest export value throughout November include phones and components with US$4.49 billion, computers, electronics and components with US$3.26 billion, textiles and garments with US$2.5 billion, machinery, equipment, spare parts with US$1.77 billion, and footwear products with US$1.7 billion.

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