Vietnam posted total trade revenue of $28.65 billion in the first half of August, according to the General Department of Vietnam Customs.

The figure brings total trade turnover as of August 15 to $402.61 billion, a year-on-year decline of 16.2 per cent. FDI enterprises contributed $277.84 billion.

Exports totaled $209.43 billion, down 10.1 per cent compared to the same period last year, while imports were valued at $193.18 billion, down 22 per cent.

Vietnam therefore posted a trade surplus of $16.26 billion.

The Ministry of Industry and Trade said export activities in the time to come will hold some advantages. Inflation in major economies is forecast to continue easing while consumption often increases during year-end holidays and festivals.