Illustrative image (Source: VNA) Hanoi (VNA) – The US remained Vietnam’s largest exportmarket with a value of nearly 21.6 billion USD as of mid-July, accounting for19 percent of the total.
From the beginning of this year to July 15, Vietnam’s totalexport revenue neared 122.5 billion USD while its imports hit roughly 120billion USD, resulting in a surplus of 2.5 billion USD, reported the GeneralDepartment of Vietnam Customs.
Earlier in June, the country ran a surplus of about 870million USD, bringing the six-month figure to a record 3.37 billion USD in therecent five years.
High trade surplus is considered a condition to stabilisingmacro-economy and foreign exchange rate, as well as ensuring foreign reserves.
According to the Ministry of Industry and Trade, domesticbusinesses reported a 19.9 percent rise in exports by shipping 33.07 billionUSD worth of goods abroad in the first half of this year. Meanwhile,foreign-invested enterprises earned 80.86 billion USD from exports, up 14.5percent from the corresponding period last year.
Vietnam exports goods to 200 countries and territories overthe world, with 27 markets reaching an export turnover of over 1 billion USD,and the top 10 largest global markets accounting for 88 percent of thecountry’s export turnover.
The ministry forecast this year’s exports at 236.6 billionUSD, up 10 percent against 2017.-VNA
From the beginning of this year to July 15, Vietnam’s totalexport revenue neared 122.5 billion USD while its imports hit roughly 120billion USD, resulting in a surplus of 2.5 billion USD, reported the GeneralDepartment of Vietnam Customs.
Earlier in June, the country ran a surplus of about 870million USD, bringing the six-month figure to a record 3.37 billion USD in therecent five years.
High trade surplus is considered a condition to stabilisingmacro-economy and foreign exchange rate, as well as ensuring foreign reserves.
According to the Ministry of Industry and Trade, domesticbusinesses reported a 19.9 percent rise in exports by shipping 33.07 billionUSD worth of goods abroad in the first half of this year. Meanwhile,foreign-invested enterprises earned 80.86 billion USD from exports, up 14.5percent from the corresponding period last year.
Vietnam exports goods to 200 countries and territories overthe world, with 27 markets reaching an export turnover of over 1 billion USD,and the top 10 largest global markets accounting for 88 percent of thecountry’s export turnover.
The ministry forecast this year’s exports at 236.6 billionUSD, up 10 percent against 2017.-VNA
VNA
