Vietnam's export turnover soars in March
Vietnam`s trade turnover as of March 15 reached US$87.46 billion, up 21.2% (US$15.3 billion) compared to the same period of 2017, according to General Department of Vietnam Customs`s latest statistics.
Notably, trade turnover in first half of March has increased significantly over the second half of February.
Vietnam's trade turnover as of March 15 reached US$87.46 billion.
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The sharp increase in export turnover was thanks to strong growth in smart phones and accessories (up 70.7%); textile & garment (up 2.7 times); computers, electronic devices and accessories (up 53.6%); footwear (up 1.2 times); other devices and equipment (up 61.9%).
Out of Vietnam's export turnover in the first half of March, the foreign direct investment (FDI) sector saw its export turnover of US$7.35 billion, up 74.3% (US$3.36 billion) over the last 15 days of February.
By the end of March 15, FDI's export turnover accounted for US$31.86 billion, increasing 29.4% (US$7.25 billion) comparing to the same period of 2017 and equivalent to 71.7% of Vietnam's export turnover.
Vietnam's import in the first half of March reached US$9.1 billion, increasing 42.2% (US$2.7 billion) over the last 15 days of February.
By the end of March 15, Vietnam's import is recorded at US$43.03 billion, increasing 16.2% (US$6 billion) year on year. Comparing to the last 15 days of February, import in the first half of march has increased due to the growth of equipment and devices (up 53.1%); computers, electronic devices and accessories (up 22.9%); plastic materials (up 74.1%); petroleum products (up 37.4%); other metals (up 58.1%); smartphones and accessories (up 32%).
In the first 15 days of March, FDI sector's import totaled US$5.48 billion, increasing 37.4% (US$1.49 billion) over the last 15 days of February. By the end of March 15, FDI's import is posted at US$25.71 billion, up 16.7% (US$3.67 billion) over the same period of last year, accounting for 59.7% of Vietnam's import.
FDI's sector has a trade surplus of US$6.16 billion as of March 15, taking Vietnam's trade surplus to US$1.39 billion.
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