Vietnam enjoys 10-month trade surplus of US$125 million

Update: 16-11-2021 | 13:19:21

Vietnam racked up a trade surplus of US$2.74 billion during October to bring its trade surplus during the opening 10 months of the year to US$125 million, according to figures released by the General Department of Vietnam Customs.

This comes following the country’s total import and export value of goods in October expanding by 2.4% to US$55 billion from the previous month.

Of the figure, export value surged by 6.8% to US$28.87 billion, while imports dropped by 2.0% to US$26.13 billion.

These represent positive signs for the national economy due to exports bouncing back and demand from the global market showing gradual recovery.

In the reviewed period, the country’s total import and export value enjoyed a surge of 22.6% to US$539.42 billion against the same period from last year, of which exports and imports rose by 17.4% and 28.5% to reach US$269.77 billion and US$269.65 billion, respectively.

Furthermore, the foreign-invested sector grossed US$197.49 billion from exports throughout the reviewed period, an annual increase of 20.8%, while the sector's imports surged by 31% on-year to US$176.54 billion.

Vietnamese trade exchanges with Asia soared by 23.6% on-year to US$349.12 billion, thereby accounting for the highest proportion of 64.7% in terms of the nation’s total import-export value.

Moreover, the country’s trade turnover with the Americas, Europe, Oceania, and Africa also picked up by 23.1%, 12.9%, 44%, and 24.2%, respectively.

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Vietnam enjoys 10-month trade surplus of US$125 million

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