Vietnam H1 trade turnover hits all-time high of US$245.48 billion
During the period, Vietnam reported a trade deficit of US$34 million, much lower than a deficit of US$548 million reported one month earlier.
Vietnam’s trade turnover in the January – June period hit US$245.48 billion, an all-time high recorded for the six-month period, the General Statistics Office (GSO) has said in a monthly report.
Illustrative photo.
|
Upon breaking down, the domestic sector reported a trade deficit of US$15.72 billion in the period, while foreign-invested firms posted a trade surplus of US$15.68 billion.
In June, Vietnam exported goods worth US$21.6 billion, down 1.4% month-on-month, while import value reached US$21.2 billion, down 8.6%.
Overall, Vietnam’s exports in the first six months of 2019 amounted to US$122.72 billion, up 7.3% year-on-year, and imports totaled US$122.76 billion, up 10.5%.
In the first half of 2019, Vietnam’s services exports were estimated at US$7.9 billion, up 6.2% year-on-year, including tourism-related services worth US$5.6 billion, accounting for 69.9% of the total and up 7.8% year-on-year, followed by transportation with US$1.5 billion (18.5%), up 2.2%.
Meanwhile, Vietnam imported services worth US$9.2 billion in the period, up 4% year-on-year. Of the total, transportation services reached US$4.5 billion, accounting for 48.5% of the total and up 7.1% year-on-year, tourism with US$2.8 billion (30.7%), up 0.7%.
08:41, 2025/01/11
Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
Numerous Vietnamese projects in various sectors have effectively contributed to Laos' development, creating jobs and improving the livelihoods of tens of thousands of local workers.
22:19, 2025/01/09
Hanoi's foreign trade turnover hits US$60.1bn in 2024
The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.
11:46, 2025/01/09
Vietnam confident of achieving 8% growth rate in 2025
Key drivers of Vietnam’s growth include institutional reforms and decentralized governance.
14:34, 2024/12/26
UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
Vietnam, in particular, will gain further access to a high-quality market, complementing its connections with Japan, Canada, and Australia.
16:41, 2024/12/16
Hanoi seeks greater efficiency in e-commerce tax management
Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.
17:34, 2024/12/15
Hanoi's wet markets in decline amid changing consumer behaviors
Local consumers prefer shopping options that offer convenience and assurance of product origin.