BUSINESS Updated at 15:05:02 11/18/2019  (Views:  525 )
Vietnam posts import-export reve

Vietnam posts import-export revenue of over US$428 billion in 10 months

Vietnam reported US$428.63 billion worth of import and export revenue in the first 10 months of 2019, up 8% compared to the same period in 2018, according to the General Department of Vietnam Customs.

Vietnam enjoys a record trade surplus of over US$9 billion in the past 10 months. (Illustrative image)

Of the total, foreign direct investment (FDI) enterprises posted total import and export revenue of US$271.13 billion while the remaining amount came from domestic enterprises.

Vietnam is estimated to reach US$218.82 billion worth of export revenue, up 8.3%, and US$209.81 billion worth of import revenue during the 10-month period, up 7.7% over the same period in 2018, resulting in a record trade surplus of over US$9 billion.

With such a result, Vietnam’s export growth is currently surpassing the set target of 7-8%.

Phones and components posted the highest export revenue, at US$44.03 billion, while computers, electronic products and components came in second with a total export revenue of US$29.12 billion.

In the January-October period, Vietnam mainly imported computers products, electronic products and components, machinery, equipment, devices and other components.

Source: NDO

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