Vietnam enjoys US$650 million trade surplus

(VOV) -Vietnam achieved an export revenue of nearly US$125.79 billion by December 15, up 15.4% from a year earlier, according to the Vietnam General Department of Customs (VGDC).

Its trade exchange reached US$250.93 billion, up 15.2% compared to the same period last year. Despite its trade deficit of over US$90 million in the first half of December, the country has produced a trade surplus of US$650 million since the beginning of this year. 

Vietnam’s imports in the first two weeks of December were valued at US$10.59 billion, bringing the total import turnover in the past 11 months and a half to US$125.14 billion, a year-on-year increase of 15.1%.

For its part, the foreign direct investment (FDI) sector earned US$77.32 billion from its exports (excluding crude oil), making up 61.5% of the country’s total export earnings at an annual growth rate of 27.2%.

Its import value hit US$71.01 billion by December 15, accounting for 56.7% of Vietnam’s total import turnover, or 24.2% higher than the previous year’s figure.