Vietnam enjoyed a trade surplus of 1.8 billion USD over the last seven months, with export turnover of over USD 96.8 billion and import value of USD 95 billion.
The figures represented an increase of 5.3 percent in export value and a decrease of 0.9 percent in import value year-on-year, according to the Ministry of Industry and Trade (MoIT)’s Import-Export Department.
The US was Vietnam’s largest importer in the period, with USD 21.3 billion worth of commodities, followed by the European Union (EU) and China.
Meanwhile, Vietnam mainly imported goods from China, the Republic of Korea, ASEAN and Japan.
Vietnam’s exports are forecast to benefit from new free trade agreements, especially the Trans-Pacific Partnership (TPP) and the EU-Vietnam FTA, which are expected to take effect soon.
The MoIT has committed to supporting enterprises in solving difficulties facing them, while simplifying administrative procedures and providing more information relating to the signed FTAs for businesses.
Source: VNA
Key words: Vietnam, posts USD 1.8 bln trade surplus, in seven months.
