Vietnam’s trade surplus hits USD17 billion
Thursday, 29/10/2020 09:51 (GMT+7)
As of October 15, Vietnam’s import and export value reached more than USD413 billion, a rise of 2.3% (equivalent to USD9.27 billion) compared to the same period last year. In the first half of October, the country’s trade balance saw an excess of USD798 million.
Photo for illustration. (Source: baodautu.vn)
This contributed to raising Vietnam’s trade surplus by the end of October 15 to USD17.32 billion.
According to the General Department of Customs, Vietnam’s commodity export and import value totaled USD24.64 billion from October 1 to 15. Of this, exports were valued at USD12.72 billion. In general, export activities showed signs of prosperity as enterprises made good use of tariff incentives brought by the EVFTA Agreement.
In August alone, Vietnam’s export turnover to the EU reached USD3.25 billion, bringing the total figure to the market to USD22.76 billion. Many export items saw positive changes in the EU market after EVFTA has been in effect for more than 2 months.
Typically, seafood export witnessed order increases of about 10% compared to July with export turnover to the EU rising 1.7% compared to the same period last year. Of this, shrimp shipment in August 2020 soared 15.7% year on year, the highest rate since the beginning of the year./.
BTA
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