Vietnam posts US$7 billion trade surplus in 10 months Vietnam is estimated to reach an import-export revenue of US$427.05 billion in the first 10 months of 2019 and a trade surplus of US$7 billion during the period, the General Statistics Office (GSO) announced on October 29. During the 10-month period, the export revenue was reported at VND217.05 billion, up 7.4% compared to the same period in 2018. The domestic economic sector has gradually asserted its position and posted an export revenue of US$66.63 billion, up 16.2% over the same period last year, accounting for 30.7% of Vietnam’s total import-export revenue. Meanwhile, the foreign direct investment (FDI) sector (including crude oil) had an export revenue of US$150.42 billion, up 3.9% over the corresponding period last year and accounting for 69.3% of Vietnam’s total import-export revenue in the 10-month period. In the January-October period, the total import revenue of Vietnam was estimated at US$210 billion, up 7.8% over the same period in 2018. Vietnam also saw 29 types of goods with the export revenue exceeding US$1 billion each which made up 91.2% of the total export revenue. In the meantime, 32 types of goods posted an import revenue of over US$1 billion… Read full this story
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