Exports surge in five months
Vietnam’s exports reached US$49.9 billion in the first five months of this year, up 15.1 percent over last year’s same period, the General Statistics Office (GSO) has reported.
In May alone, the figure was US$10.8 billion, up 7.6 percent month-on-month and 11.8 percent compared to that of a year ago.
In the five-month period, State-owned enterprises (SOEs) saw a 2.1 percent export growth, while FDI firms enjoyed a 23.3 percent surge in exports, including crude oil.
Meanwhile, Vietnam imported US$12 billion worth of goods in May, up 9.4 percent compared to April’s figure and 16 percent year-on-year. It brought the country’s five-month total imports to US$51.9 billion, representing a year-on-year increase of 16.8 percent.
Trade deficit was estimated at US$1.2 billion in May and US$1.9 billion in the Jan-May period, equivalent to 11.1 percent and 3.9 percent of the country’s total exports respectively.