WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam trade surplus expands to nearly US$17 billion in 9-month
Nguyen Tung 16:30, 2020/09/29
The domestic-invested sector's exports are expected to expand 20.2% year-on-year to US$71.83 billion between January and September.

Vietnam earned an estimated trade surplus of US$3.5 billion in September and reached a record surplus of US$16.99 billion in the January–September period, compared to a US$7.27 billion surplus recorded in the same period last year, the General Statistics Office (GSO) has said in a monthly report.

 Vietnam's trade surplus in September is estimated at US$3.5 billion. 

On breaking down, the domestic-invested sector is estimated to post a trade deficit of US$10.52 billion in the nine-month period while foreign-invested firms have recorded a surplus of US$27.51 billion.

The domestic-invested sector continues to be a spotlight in Vietnam's trade as the sector’s exports are estimated to expand 20.2% year-on-year to US$71.83 billion during the period, accounting for 35.4% of the country's export turnover. Meanwhile, FDI firms have reaped US$131.03 billion from overseas shipments, down 2.9% and accounting for 64.6% of the total.

In September, Vietnam has exported goods worth an estimated US$27.5 billion, down 0.7% inter-monthly, while imports are estimated to increase by 5.6% to US$24 billion.

Overall, Vietnam's trade turnover is likely to have increased 1.8% year-on-year to reach US$388.73 billion in the January – September period, of which its export value could amount to US$202.86 billion, up 4.2% year-on-year, and imports are estimated at US$185.87 billion, down 0.8%.

In the first nine months of 2020, Vietnam had 30 export items earning turnover of US$1 billion each, accounting for 91.3% of total exports, and five with over US$10 billion, or 59.8%.

RELATED NEWS
TAG: Vietnam trade surplus foreign sector domestic sector exports imports 9 months record high
Other news
21:14, 2024/10/31
Vietnam, Brazil: Building bridges through shared history and new partnerships
Vietnam and Brazil are forging a future of mutual development, bridging continents through their shared history and new partnerships.
16:54, 2024/10/29
Hanoi to attract tourists by showcasing local specialties at wholesale markets
Hanoi aims to enhance supervision of food safety and traceability, along with promoting cashless transactions.
16:28, 2024/10/27
National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
This year's event will focus on celebrating and raising the status of Vietnamese products, according to the Ministry of Industry and Trade.
18:39, 2024/10/21
Vietnamese goods in rising demand among Hanoi residents
The domestic market, estimated to be worth US$180 billion and projected to grow to US$350 billion by 2025, presents an opportunity for Vietnamese goods to gain a foothold domestically.
06:23, 2024/09/27
Hanoi unveils 2024 rural industrial plans
Hanoi is expected to organize 60 major trade promotion events this year, including one-sixth abroad.
06:17, 2024/09/27
Hanoi advances supporting industries for hi-tech services
The global commercial aviation market is expected to grow at an annual rate of about 5%, with Vietnam ranking 5th globally and 1st in Southeast Asia in aviation market growth.