Vietnam records trade surplus of 2.82 billion USD in first quarter

Saturday, 04/04/2020 10:48
The COVID-19 epidemic has had a significant impact on Vietnam's trade in the first quarter of 2020.

2019 trade surplus exceeds year’s target

Vietnam likely to post trade surplus for fourth straight year

Photo for illustration (Source:

The information was announced by the Ministry of Industry and Trade on April 1st.

The total import and export turnover in March was estimated at 39 billion USD, down 11.1% from the same period last year. In the first quarter, total import and export turnover of goods reached 115.34 billion USD, down 0.7% compared to the same period last year, of which export reached 59.08 billion USD, up 0.5%; import reached 56.26 billion USD, down 1.9%. Vietnam's trade balance continued to have a surplus of 2.82 billion USD, higher than the surplus of 1.46 billion USD in the same period in 2019.

Although there are many difficulties ahead, the results show the effectiveness of the response measures to the COVID-19 epidemic and the determination of the Government of Vietnam as well as the business community and the entire society to turn "risks into opportunities" as in the strong message issued by the Prime Minister./.