Vietnam reports 2.77 bln USD trade surplus in 9 months
Vietnam enjoyed a trade surplus of 2.77 billion USD in the first nine months of this year with export turnover of 128.2 billion USD and import value of 125.4 billion USD.
Hanoi (VNA) – Vietnam enjoyed a trade surplus of 2.77 billion USD in the first nine months of this year with export turnovꦛer of 128.2 billion USD and import value of 125.4 billion USD.
According to the Export and Import Department under the Ministry of Industry and Trade (MoIT), main exports were telephones and spare parts; garments; footwear; computers, electronics and their spare parts; and aquatic products.
The group of telephone and spare parts is the largest contributor to the outcome with 24.96 billion USD, up 8.6 percent against the same period last year. It was followed by textiles with nearly 18 billion USD, a year-on-year rise of 5.9 percent.
To realise the export value target of 181.5 billion USD in 2016, the MoIT said Vietnamese enterprises need to directly join the global distribution network.
Attention will be paid to fostering trade promotion and expanding markets for key commodities, and strictly implementing Vietnam’s commitments to the ASEAN Community and in free trade agreements signed with foreign partners.
Economics experts recommended enterprises to thoroughly understand legal regulations related to food safety and technical barriers.
Specific measures will be taken to further promote exports, especially for key products likely agro-aquaculture and forest products.-VNA
Vietnam’s total export turnover in the first seven months of the year was 96.83 billion USD, representing an annual increase of 5.3 percent, said an official of the Ministry of Industry and Trade.
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Vietnam’s exports are estimated to reach 128 billion USD in the first nine months of this year, up 6.7 percent year-on-year, according to the latest statistics from the General Statistics Office.
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Illustrative image (Source: VNA)
