Trade surplus decreases to signal recovery of domestic production
VOV.VN - The past month has seen import growth momentum at a faster rate compared to exports, thereby reflecting positive signs regarding Vietnam ’s economic recovery and the growth of domestic production activities, according to the General Department of Vietnam Customs.
The department revealed that the nation recorded a trade surplus of US$2.76 billion by February 15, with this figure dropping to US$1.81 billion by March 15.
During the first half of March, total Vietnamese export turnover increased by 22.7% to US$13.3 billion compared to the same period from last year, while total import turnover surged by 25.8% to US$13.06 billion.
Most notably, total import-export turnover during the second half of March reached a figure of US$26.36 billion, representing an increase of over US$7 billion compared to the second half of February.
Furthermore, total export and import turnover hit US$122.21 billion by March 15, with the country enjoying a trade surplus of US$1.63 billion, representing a sharp decrease in comparison with the figure of US$2.76 billion recorded in mid-February.
