31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam’s trade surplus hits record high of US$11 billion in Jan-Nov
Ngoc Thuy 18:55, 2019/12/14
The FDI sector posted exports of US$165.03 billion in the January – November period, up 4.1% year-on-year, accounting for 68.3% of Vietnam’s exports.

Vietnam posted a record high of US$10.94 billion in trade surplus in the first 11 months of 2019, higher than a surplus of US$9.01 billion recorded one month earlier, according to the General Department of Vietnam Customs (GDVC).

 Data: GDVC. Chart: Ngoc Thuy. 

In the first 11 months of the year, the country’s external trade volume hit US$472.36 billion, up 7.3% compared to the same period in 2018. Upon breaking down, exports totaled US$241.65 billion, up 7.9% year-on-year, and imports reached US$230.71 billion, representing an increase of 6.6%.

In the January – November period, foreign-invested companies had a total import-export value of US$297.87 billion, up 3.2% year-on-year. This included $165.03 billion in exports, up 4.1% year-on-year, accounting for 68.3% of Vietnam’s export turnover, and US$132.84 billion in imports, up 2.1%, making up 57.6% of total imports.

Meanwhile, the domestic sector recorded a trade value of US$174.49 billion, or 36.9% of Vietnam’s total trade revenue, up 15.1% year-on-year.

In a press conference held by the Ministry of Industry and Trade (MoIT) on December 12, Deputy Minister of Industry and Trade Do Thang Hai said Vietnam’s trade turnover is on track to exceed the US$500-billion mark for the first time by the second half of December.

Amid a slowdown in global economy and uncertainties around the world, particularly the US – China trade war and growing protectionism, this is an encouraging result for Vietnam, added Hai.

TAG: Vietnam trade US surplus China MOIT record high exports imports
Other news
14:27, 2022/27/01
Vietnam exports one step closer to US$368-billion target
The country has posted a trade surplus of nearly $11 billion.
20:16, 2022/16/29
Vietnam to hold a 60-hour livestream shopping with numerous promotions
Online Friday will be the biggest online shopping day of the year, with the participation of numerous companies offering exclusive discounts of up to 100%.
16:05, 2022/05/29
Handicrafts: Key to socio-economic growth of Hanoi's district
The value of industrial and craft production amounted to VND11.3 trillion (US$456 million) in January-September, up 9.2% year-on-year.
18:14, 2022/14/27
Hanoi's tourism shows strong recovery since March 2022
Eight months after the reopening of international travel, Hanoi has seen substantial development in the tourism sector.
07:24, 2022/24/26
Embassy key to boosting the Vietnam-Philippines economic relations: National Assembly Chairman
National Assembly chairman Vuong Dinh Hue visited the Vietnamese Embassy in the Philippines during his tour of this country.
22:11, 2022/11/25
Vietnamese firm exports first electric cars to the US
VinFast, the car-making arm of Vietnam's private conglomerate Vingroup, today shipped 999 electric units to the US.