Vietnam’s trade surplus expands to US$1.7 billion in 7 months
The FDI sector recorded a trade surplus of US$16.89 billion between January and July, contributing significantly to Vietnam’s surplus of US$1.7 billion in the period.
Vietnam posted a trade surplus of US$809 million in the second half of July, resulting in a surplus of US$1.7 billion in the January – July period, according to the General Department of Vietnam Customs (GDVC).
Illustrative photo.
|
Among economic sectors, foreign-invested enterprises recorded the largest trade value of US$182.19 billion in seven months, up 5.4% year-on-year. The sector's exports rose 5.4% year-on-year to US$99.54 billion, while imports were up 5.5% to reach US$82.65 billion.
This resulted in a trade surplus of US$16.89 billion fetched by the sector during the January – July period.
The country's main export staples during the last 15 days of July included phones and parts worth US$567 million, up 33% year-on-year; machinery and equipment with revenue of US$200 million, up 30.2%; textile and garment worth US$194 million, up 12.5%; computers and electronic devices worth US$189 million, up 13.3%; footwear worth US$124 million, up 16.5% and fisheries worth US$81 million, up 22.6%.
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.