The trade turnover of FDI enterprises accounts for a large proportion of Vietnam’s total trade turnover, the General Department of Vietnam Customs has reported.

Data from the Department on imports and exports in the second half of October, from October 16 to 31, shows that total trade reached $30.32 billion, up 9.3 per cent, or $2.57 billion, compared to the first half of the month.

The results brought Vietnam’s total trade value in the first ten months of 2022 to $616.3 billion, up 14.1 per cent, or $75.99 billion, year-on-year.

FDI enterprises posted trade turnover of $428.99 billion in the period, up 14.6 per cent, or $54.6 billion, while domestic enterprises posted trade turnover of $187.31 billion, up 12.9 per cent, or $21.4 billion. Exports totaled $312.94 billion, up 16 per cent, or $43.1 billion, with imports coming in at $303.35 billion, up 12.2 per cent, or $32.88 billion.

Exports by FDI enterprises in the second half of October reached nearly $12.3 billion, up 17.7 per cent, or $1.85 billion compared to the first half of the month, bringing total exports by FDI enterprises since beginning of the year to $231.04 billion, up 17 per cent, or $33.52 billion, and accounting for 73.8 per cent of the total.

Imports by FDI enterprises in the second half of October stood at $9.32 billion, a 4.7 per cent, or $422 million, increase compared to the first half. In the first ten months of this year, total imports by FDI enterprises reached $197.95 billion, up 11.9 per cent, or $21.06 billion, year-on-year and accounting for 65.3 per cent of the total.