HCM City becomes first locality to achieve import-export of over US$100 bil

Ho Chi Minh City's import and export turnover by the end of November reached US$101.6 billion, thereby becoming the first locality in the country to pass the US$100 billion mark.

According to details given by the General Department of Vietnam Customs, Ho Chi Minh City’s trade turnover results far exceed those of other localities, thereby taking the lead in the country, followed by Bac Ninh with US$78.5 billion and Binh Duong with US$54.4 billion.

Despite this achievement, Ho Chi Minh City racked up a large trade deficit, while most localities enjoyed a trade surplus during the reviewed period.

Aside from the three localities, other provinces with large import-export turnover of several billions to tens of billions of US$ include Thai Nguyen, Dong Nai, Hai Phong, Bac Giang, Phu Tho, Vinh Phuc, Tay Ninh, and Long An.

During the 11-month period, the country's import-export turnover surged by 11.8% to US$673.7 billion, equivalent to an increase of nearly US$71 billion against the same period from last year with the nation posting a trade surplus of US$10.7 billion.

With an average turnover of more than US$61 billion per month, Vietnamese import and export turnover by mid-December is anticipated to reach a new record of US$700 billion and is likely to hit more than US$730 billion this year.

VOV