31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam trade turnover hits nearly US$389 billion in Jan-Sept
Ngoc Thuy 16:40, 2020/10/10
Trade revenue continued to set a new record high in September and reached over US$50-billion mark for the second consecutive month since the beginning of the year.

Vietnam’s trade turnover in the first nine months of 2020 stood at US$388.62 billion, representing an increase of 1.7% year-on-year or US$6.6 billion, according to the General Department of Vietnam Customs (GDVC).

 Vietnam recorded a trade surplus of US$16.52 billion in 9-month period. 

Upon breaking down, the export value was US$202.57 billion during the period, up 4.1% year-on-year, while imports reached US$186.05 billion, down 0.7%.

This resulted in a trade surplus of US$16.52 billion, slightly lower than the estimated figure of US$16.99 billion of the General Statistics Office for the January – September period.

The growth of import and export activities in the past few months, though not as high as in recent years, is still an encouraging result amidst difficulties of global trade due to the effects of the Covid-19 pandemic, asserted Bao Viet Securities Company (BVSC).

In September, the total value of imports and exports continued to set a new record high and reached over US$50-billion mark to US$51.37 billion for the second consecutive month since the beginning of the year, or an increase of 1.9% year-on-year.

As such, exports grossed an estimated  US$27.16 billion, down 1.9% month-on-month, while imports rose 6.5% month-on-month to reached US$24.2 billion.

The growth of imports and exports in two consecutive months of August and September raised total trade volume in the third quarter to US$148.8 billion, up 27% compared to the previous quarter, the largest since the beginning of the year.

The export turnover in the third quarter of 2020 reached US$79.8 billion, up 34% year-on-year, while the import value was US$69 billion, up 20.2% compared to the second quarter.

RELATED NEWS
TAG: Vietnam exports imports trade record high covid-19 coronavirus nCoV pandemic
Other news
20:05, 2023/05/26
Vietnam set for robust economic growth in 2023: Experts
The country’s economic performance next year will remain solid despite strong headwinds.
14:45, 2023/45/19
Vietnam calls for int’l support in green development
Vietnam would not sacrifice social advancement, equality, and the environment for economic growth.
13:45, 2023/45/17
Switzerland to support Vietnam’s transition to green economy
Vietnam encourages Swiss investment in high-priority fields such as finance banking, insurance, manufacturing and processing, pharmacy, renewables, and tourism.
16:27, 2023/27/12
Vietnamese Govt to restructure real estate, bond markets in 2023
The main objective for Vietnam in 2023 remains to ensure stable macroeconomic fundamentals, contain inflation, and boost growth.
14:41, 2023/41/10
Vietnam strives to become developed country by 2050
The average GDP growth should be around 7% for 2021-2030, and GDP per capita would reach US$7,500 by 2030.
21:55, 2023/55/06
Vietnam targets GDP per capita at US$32,000 by 2050
The country by 2030 will become a developing country with modern industrial sectors and reach the upper-middle income status.