Vietnam trade surplus widens to US$4 billion in H1 Vietnam’s trade turnover is likely to have reached US$238.4 billion in the first half this year, down 2.1% year-on-year. Vietnam reported an estimated trade surplus of US$500 million in June, expanding the country’s trade surplus to US$4 billion in the January – June period, compared to a US$1.7-billion surplus recorded in the same period last year, the General Statistics Office (GSO) has said in a monthly report. On breaking down, the domestic-invested sector is estimated to post a trade deficit of US$10.2 billion in the six-month period while foreign-invested firms recorded a trade surplus of US$14.2 billion. Domestic companies’ exports are estimated to have expanded 11.7% year-on-year to US$41.38 billion during the period, accounting for 34.1% of the country’s exports. Meanwhile, FDI firms reaped US$79.83 billion from overseas shipments, down 6.7% and accounting for 65.9% of the total. In June, Vietnam exported goods worth an estimated US$21 billion, up 9.5% inter-monthly, while imports are estimated to have increased by 12.8% to US$20.5 billion. The complicated progression of the Covid-19 pandemic in Vietnam’s major markets continued to exert negative impacts on the country’s trading activities, noted the GSO. Overall, Vietnam’s trade turnover… Read full this story
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