Import-export turnover likely to hit US$500 billion in 2019

VOV.VN - The total turnover of Vietnam’s import-exports is expected to reach US$500 billion this year, according to the General Department of Vietnam Customs.

import-export turnover likely to hit us$500 billion in 2019 hinh 0
The department noted that 2018 saw a number of records broken for the nation’s import-export goods. Accordingly, the country’s total import-export value hit a record US$480.17 billion, over US$52 billion higher than recorded in 2017.

The Vietnamese economy’s openness index (total import-export value/GDP) was estimated at 196 per cent in 2018, whilst last year also marked the third consecutive year that the nation enjoyed a trade surplus.

The department said if imports and exports increased by 5 per cent, the country’s import-export turnover is likely to hit US$500 billion by the fourth quarter of 2019.

VOV

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