Processing shrimps for export (Photo: VNA)
Hanoi (VNA) – Vietnam recorded a tradesurplus of 3.1 billion USD as of April 15, 2018, according to the lateststatistics of the General Department of Vietnam Customs.
The country’s total import-export turnover rose17 percent to 125.7 billion USD. Of the figure, 64.4 billion USD came fromexports, a year-on-year rise of 22.8 percent.
Vietnam’s major export staples include mobile phones and components,garments-textiles, computers and electronic components, machines and equipment,footwear, transport vehicles and accessories, timber and wooden products,aquatic products, coffee, and iron and steel.
As of mid-April, foreign direct investment (FDI) businesses posted a tradesurplus of 9.4 billion USD.
FDI firms raked in 45.9 billion USD from exports, up 24.3 percentagainst the same period last year, making up 71.3 percent of the nation’s totalexport turnover.
Meanwhile, FDI enterprises imported 36.5 billion USD worth ofgoods.
Vietnam’s export-import turnover hit 400 billion USD in 2017,representing a fourfold increase in ten years.
The country first achieved 100 billion USD in foreign trade value in2007, the year it joined the World Trade Organisation (WTO). The figure rose to200 billion USD in 2011, and 300 billion USD in 2015.
According to the WTO, in 2006, Vietnam’s totalexport and import turnover ranked 50th and 44th in the world. In 2015, thenation jumped 23 and 16 steps, occupying 27th and 28th positions,respectively.
At present, Vietnam has 30 export groups with an annual turnover of atleast 1 billion each, including textiles, leather, footwear, coal and crudeoil.
Vietnam has trade relations with more than 200 countries and territoriesaround the world, gradually moving import-export markets from Asia to Europeand America.-VNA
