Despite a trade surplus of $470,000 being posted from October 1 to October 15, total trade value was down 12.6 per cent in the period compared to September. Such results show that, as the end of the year approaches, signs of decelerating trade are becoming clearer in the context of rising inflation in most countries around the world. The Ministry of Industry and Trade is implementing a number of solutions to reach the trade target of over $750 billion in 2022 and to keep trade in surplus.
Ho Chi Minh City’s trade is still recording impressive growth despite Vietnam being affected by the troublesome global situation. A report from the city’s Department of Statistics shows that export turnover was $4.156 billion in September, an increase of 0.3 per cent compared to August, while import turnover in the first nine months was $48.764 billion, up 10.3 per cent year-on-year.