Vietnam's trade turnover is expected to hit $540 billion this year, marking a year-on-year increase of $23 billion. Vietnam posted a trade surplus of US$754 million in November, further expanding the cumulative surplus in the 11-month period to US$20.06 billion from US$19.5 billion recorded one month earlier, according to the General Department of Vietnam Customs (GDVC). The government-run General Statistics Office last month estimated a trade surplus of US$20.01 billion for the January-November period. Cargo handling at Hai Phong port. Photo: Cong Hung. In November, Vietnam recorded an export turnover of US$25 billion, down 7.4% month-on-month, while imports slightly increased by 1.5% to US$24.7 billion. Revenue of some of Vietnam's major export staples soared in the second half of November compared to the first half. They included computers, electronic devices and parts with an increase of 21.1%; textile (31.9%); machinery, equipment and parts (14.1%); footwear (24.6%); and wooden products (29.4%); among others. Vietnam's external trade during the 11-month period rose 3.6% year-on-year or US$17.16 billion to US$489.88 billion. Of the sum, exports totaled US$254.97 billion, up 5.5% year-on-year, and imports reached US$234.91 billion, up 1.7%. Trade balance in the January – November period. Data: GDVC. Chart: Hai Yen. Foreign-invested companies… Read full this story
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