2017 trade surplus US$900 million higher than previous year’s figure

Overcoming difficulties The latest General Department of Vietnam Customs data show that from the beginning of the year to November 15, total value of foreign trade reached approximately US$365.5 billion (export value: US$183.863; import value: US$181.62 billion). These results generated a trade surplus of more than US$2.34 billion.Data from the Ministry of Industry and Trade (MoIT) show that in the first 10 months of this year, total value of foreign trade reached US$346.54 billion, up 21.5 percent compared with the same period in 2016. Specifically, export value reached US$174.55 billion, up 21.3 percent, and import value US$171.99 billion, up 21.6…... [read more]

TurnaroundAccording to the General Department of Vietnam Customs, from the beginning of 2017 until October 15, export value reached nearly US$163.25 billion, and import value exceeded US$162.16 billion, generating a trade surplus of US$1.09 billion.In the first six months of this year, Vietnam faced a continuous trade deficit. In the first four months, the deficit equaled more than four percent of total export value, higher than the limit allowed by the National Assembly (3.5 percent). This high trade deficit was attributed to increases in the import of machinery, equipment, spare parts and metals to serve the implementation of foreign direct…... [read more]

Producing footwear for export (Source: http://baocongthuong.com.vn)Dong Nai (VNA) – The southernprovince of Dong Nai is forecast to enjoy a trade surplus of 2 billion USD in 2017, according to Chairman of theprovincial People’s Committee Dinh Quoc Thai. Export turnover of the locality is estimated at nearly 17 billion USD this year,up 11.8 percent year-on-year, while the figure for imports is 15 billion USD,up 13.5 percent. According to the provincial Statistics Office, in November alone, thelocality’s export turnover hit 1.54 billion USD, 6.9 percent above October.Among commodities with high export growth compared to October, footwear rankedfirst with 34.4 percent, followed by…... [read more]

Viet Nam recorded a trade surplus of US$2.76 billion in the first 11 months of the year, or 1.4 per cent of total export turnover, according to the Ministry of Industry and Trade (MoIT).This marks a slight decrease against the $2.9 billion surplus seen in 2016.The total export value during the reviewed period was $193.75 billion and that of imports was $190.99 billion, up 21.1 per cent and 21 per cent year-on-year, respectively.The ministry says that agriculture and seafood exports during this period rose 16.9 per cent year on year to reach $23.5 billion, accounting for12.1 per cent of total…... [read more]

NDO – The country enjoys a trade surplus at US$400 million in September, but the trade deficit was estimated at US$442 million during the first nine months in 2017, the General Statistics Office announced on September 29.Accordingly, the export turnover in September was estimated at US$19 billion, down 3.9% over the previous month yet nonetheless has continued to increase strongly at 23.6% over the same period in 2016. Meanwhile, import turnover for September was estimated at US$18.6 billion, up 2.3% over the previous month and up 27.3% over the same period last year.Previously in August, the trade surplus reached US$400…... [read more]

The trade balance returned to a surplus for the monthof July, reaching US$200 million, the General Statistics Office (GSO)said in its recent report. Goods are loaded for export at Vung Ang Port. Vietnam enjoyed a trade surplus of $200 million in July. The trade balance returned to a surplus for the monthof July, reaching US$200 million, the General Statistics Office (GSO)said in its recent report. The improvement in the surplus helped narrow the total trade deficitin the January-July period to $733 million, equal to 1 per cent of thecountry's total export value, said Pham Thi Quynh Loi, Deputy Directorof GSO's…... [read more]

NDO – Vietnam is expected to enjoy a trade surplus of US$900 million in October, raising the total surplus of the country until the end of October 2017 to US$1.23 billion.According to the latest statistic from General Department of Vietnam Customs, this month Vietnam's total export and import value is estimated at US$37.9 billion, a slight increase of 0.8% from the previous month. Total export value is estimated at US$19.4 billion, up 0.3% and total import value at US$18.5 billion, up 1.4%.During the Jan-Oct period, the total value of export and import is expected to reach US$346.22 billion, up 21.3%…... [read more]

NDO - Vietnam enjoyed a trade surplus of US$630 million in March, much higher than the estimated figure of US$100 million posted by the General Statistics Office, raising the total trade surplus in the first quarter of this year to US$1.36 billion, announced the General Department of Vietnam Customs.  In the first quarter of 2016, Vietnam posted an export revenue of nearly US$38.77 billion, up 6.6% compared to the same period last year while the import revenue was reported at US$37.41 billion, down 4% over the same period last year. In March alone, the country saw a sharp increase in…... [read more]

NDO – Vietnam gained a trade surplus of US$300 million in February after posting a deficit of US$361 million in the previous month, according to the General Statistics Office (GSO). Exports in February were estimated at US$9.6 billion, down 28.4% against January while imports were valued at US$9.3 billion, a decrease of 32.4% from the previous month. The GSO said trade activity in February lost momentum because of the week-long Lunar New Year holiday. In the first two months of 2015, the export and import values were largely the same with imports at US$23 billion, higher than the export figure…... [read more]

NDO - Vietnam posted a trade surplus of US$400 million in August, up from US$266 million in July, according to the General Statistics Office.However, aggregate figures in the first eight months of the year show that Vietnam ran a trade deficit of US$2.13 billion, in which the domestic sector ran a deficit of US$16.41 billion, while foreign enterprises recorded a US$14.28 billion surplus.Vietnam’s export revenues in August were estimated at US$18.2 billion, up 3% from the previous month, while imports rose 2.3% to US$17.8 billion.Aggregate exports in the January-August period reached an estimated US$133.5 billion, up 17.9% from a year…... [read more]