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Home / Economy / Trade - Service
Vietnam returns to post big trade surplus in second half of June
Ngoc Thuy 17:42, 2018/07/13
A large trade surplus in the last 15 days of June stood in sharp contradiction to the trade deficit recorded in May, which had been expected to be extended to June by the General Statistics Office (GSO).
In the second half of June, Vietnam recorded a trade surplus of nearly US$0.87 billion, taking the figure of the first six months to US$3.36 billion, according to the General Department of Vietnam Customs (GDVC). 
 
Illustration photo.
Illustration photo.
This data stood in sharp contradiction to the trade deficit of US$954 million recorded in May, which had been expected to be extended to June as reported by the General Statistics Office (GSO) last June. 

Substantially, the GSO had previously estimated a trade deficit of US$100 million in June, causing the trade surplus to narrow to US$ 2.71 billion in the January - June period.

However, by the end of June, a large trade surplus in the last half of the month led to a trade surplus of US$3.36 billion for the first six months, stated GDVC.

Vietnam's trade turnover in the last 15 days of June reached US$19.84 billion, up 4.5% or US$855 million compared to the first half of June. 

Overall, the country's import - export turnover in the first half of 2018 at US$225.02 billion, up 12.9% or US$25.72 billion year-on-year. 

During this period, Vietnam's export turnover jumped to US$114.19 billion, up 16.3% or US$15.98 billion year-on-year, while imports hit US$110.83 billion, up 9.6% or US$9.74 billion year-on-year. 

Of the total, the FDI sector's exports came at US$79.96 billion, up 15.7% year-on-year, and accounting for 70% of Vietnam's total exports. Meanwhile, they spent US$64.87 billion in imports, up 7.5% year-on-year, representing 58.5% of the country's total imports. 

This resulted in the sector's trade surplus of US$15.09 billion in the first half of 2018, up 55% year-on-year compared to a surplus of US$8.31 billion in the first half of 2017. 
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