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Tuesday, June 2 2020
Tiếng Việt
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Date 16/11/2018-11:08:00 AM
FDI sector contributes remarkably to trade surplus

Illustration photo
The FDI sector made great contribution to Viet Nam’s trade surplus, said the General Department of Viet Nam Customs.

In October, export turnover touched US$ 202.03 billion. Meanwhile, import turnover hit US$ 194.82 billion. Trade surplus valued US$ 7.2 billion, higher than the figure of US$ 2.11 billion in 2017.

Before 2008, Viet Nam used to cope with a trade deficit. In recent years, the trade balance has progressed positively so trade deficit decreased gradually.

In 2008, the trade deficit reached a record high of US$ 18.03 billion, accounting for 28.8% of export revenue. In 2009 and 2010, trade deficit was nearly US$ 13 billion.

Especially, between January and October this year, the country recorded an impressive trade surplus of US$ 7.2 billion.

The FDI sector made a great contribution to the trade performance as it gained US$ 25.8 billion of trade surplus. The sector shipped US$ 142.8 billion of goods abroad and imported US$ 116.99 billion of goods and materials./.

Kim Anh
VGP

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