Trade surplus strikes US$928 million
(VOV) - Despite the month getting off to a slow start, Vietnam enjoyed a trade surplus of US$928 million in May, Vietnam Customs reports.
The country’s exports jumped up 16.4% year-on-year to US$51.59 billion for the May reporting period, while imports rose 11% year-on-year to US$50.66 billion.
Overall, total five month import-export value surpassed US$102.25 billion, an increase of 13.7% from a year ago.
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Foreign invested enterprises raked in more than US$32.24 billion from exports, representing a rise of 20.5% and accounting for nearly 62.5% of the country’s total export earnings..
in the first half of May, exports experiencing sharp declines included telephone handsets and components (down US$473 million), crude oil (US$299 million), garments (US$218 million), computers, electronics and components (US$130 million), machinery, equipment and tools (US$125 million), seafood (US$97 million), footwear (US$92 million), and wood and timber products (US$90 million).