Friday, 16 Nov 2018
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ECONOMY

Vietnam posts trade surplus of US$7.21 billion in 10 months

Updated at Saturday, 10 Nov 2018, 18:45
The Hanoitimes - Export value of the FDI sector in the first ten months of 2018 reached US$142.8 billion, up 14.9% year-on-year or US$18.49 billion, accounting for 70.7% of Vietnam`s total export value.
Vietnam gained a trade surplus of US$770 million in the second half of October, resulting in a favorable balance of US$7.21 billion in the first ten months of 2018, according to the General Department of Vietnam Customs (GDVC).
 
Data: GDVC. Graphic: Nguyen Tung.
Data: GDVC. Graphic: Nguyen Tung.
Total trade value in the last 15 days of October reached US$23.88 billion, up 17.6% or US$3.57 billion compared to 15 days earlier.

This resulted in a trade turnover of US$396.85 billion in the January – October period, up 13.8% or US$48.12 billion year-on-year.

The country's export turnover in the second half of October reached US$12.33 billion, up 21.1% or US$2.15 billion compared to 15 days earlier, resulting in total export turnover of US$202.03 billion as of the end of October, up 15.2% or US$26.67 billion year-on-year. 

Export turnover of the FDI sector in the second half of October increased by 20.9% or US$1.53 billion to US$8.84 billion compared to the first half of October. 

The figure brought total export value of the FDI sector to US$142.8 billion as of the end of October, up 14.9% year-on-year or US$18.49 billion, accounting for 70.7% of Vietnam's total export value. 

Meanwhile, Vietnam's import value in the second half of October was reported at US$11.56 billion, up 14% or US$1.42 billion compared to the first half of October. 

In the first ten months of 2018, total import turnover stood at US$194.82 billion, up 12.4% or US$21.45 billion year-on-year.

FDI sector's import turnover in the second half of October reached US$7.01 billion, up14% or US$863 million compared to 15 days earlier. 

Overall, total import turnover of foreign companies in the January – October period amounted to US$116.99 billion, up 12.3% year-on-year or US$12.8 billion, equivalent to 60.1% of Vietnam's total import turnover.
Nguyen Tung
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