Tag: surplus

After a slight dip of 3.2 per cent in the previous month, Vietnam's import-export turnover in July surged by 8 per cent, bringing the total trade turnover in the first 7 months to $514.7 billion

Of the Q1 trade turnover, exports reached $102.84 billion, up 10.6 per cent year-on-year.

Exports grow 46% year-on-year.

Trade turnover reached over $558 billion in the first nine months of 2022, up 15.1 per cent year-on-year. Exports totaled $282.52 billion, up 17.3 per cent, and imports $276 billion, up 13 per cent. Trade was therefore in surplus, by $6.52 billion.

Figures from the General Department of Vietnam Customs show that total trade turnover reached $499.71 billion in the first eight months of 2022, an increase of $68.69 billion, or 15.9 per cent, compared to the same period last year. Exports totaled nearly $252.6 billion, up 18.2 per cent, and imports $247.11 billion, up 18.2 per cent. Trade was therefore in surplus to the tune of $5.49 billion in the period.

Total export turnover came in at $250.8 billion in the first eight months of this year and import value $246.84 billion. Trade was therefore in surplus, to the tune of $3.96 billion. Thirty items posted export turnover in excess of $1 billion, or 91.8 per cent of total turnover. The US continues to be Vietnam’s largest export market, with turnover of $77.7 billion.

The General Department of Vietnam Customs has released preliminary data on trade in the second half of July.

The State budget surplus is continually decreasing due to difficulties in revenue collection as more is being spent on the prevention and control of Covid-19. The surplus in the first eight months of the year was VND82 trillion ($3.6 billion), then VND58 trillion ($2.55 billion) in the first nine months and VND20 trillion ($879.13 million) in the first ten months.