Illustrative image (Source: VNA)Hanoi (VNA) –Vietnam’s total import-export turnover has surpassed 400 billion USD, accordingto the General Department of Vietnam Customs.
The country’s totalimport-export value reached 403.05 billion USD from the beginning of the yearto October 15, a year-on-year increase of 8 percent, equivalent to anincrease of 30.02 billion USD over the same period last year.
The department saidthat in the first half of October, total import and export value reachednearly 21 billion USD, down 12.8 percent compared to the second half of theprevious month.
Although Vietnam recordeda trade deficit in the first period of this month, the overall figure forthe year up until October 15 was a trade surplus of 6.83 billion USD.
The country’s totalexport value in the first half of October reached 10.31 billion USD, down 18.9 percent, 2.4billion USD less than the last 15 days of September.
Exports in the firsthalf of October decreased in some major commodities including mobile phones andspare parts, computers and components, and textiles and garments.
Imports in the 15days reached 10.68 billion USD, down 5.9 percent or 674 million USDlower than the figure in the last 15 days of the previous month.
Compared to the secondhalf of September, imports decreased in some items such as computers,electronic products and components, telephones and components and crude oil.
From the beginning of theyear until October 15, total export value reached 204.94 billion USD, up 8 percent,equivalent to an increase of 15.18 billion USD over the same period last year.
From the beginning ofthe year to October 15, total import value hit 198.11 billion USD, up 8.1 percent,14.85 billion USD higher than in the same period last year.
Experts said that thecountry's exports would continue to grow with the main motivation fromtraditional industries such as textiles, footwear and furniture.
Besides, exports oftenincrease in the last months of the year as this is the peak period forshopping for consumer goods during holidays at the end of the year.
Looking at the pastperformance results, the goal of achieving turnover of 500 billion USD thisyear was entirely feasible, experts said./.
VNA
