Trade turnover exceeds US$ 400 billion
12:17 | 28/10/2019

VGP – Total trade turnover outstripped US$ 400 million as of mid-October, according to the General Department of Viet Nam Customs.

 
The General Department reported that in the first half of October, total export turnover valued nearly  US$ 21 billion, down 12.8%, equivalent to US$ 3.07 billion in comparison with the second half of September. 

As of mid October, total trade turnover exceeded US$ 403.05 billion, up 8% (equivalent to US$ 30.02 billion) in comparison with the same period last year. 

In the first half of October, Viet Nam suffered a trade deficit of US$ 370 million. However, as of mid October, the country enjoyed a trade surplus of US$ 6.83 billion. 

Specifically, total export turnover was US$ 10.31 billion in the first half of October, a sharp decline of 18.9% or US$ 2.4 billion in comparison with the second half of September. 

As of mid October, total export turnover hit US$ 204.94 billion, representing a year-on-year growth of 8% or US$ 15.18 billion. 

Overseas shipment of telephones and spare parts decreased by US$ 587 million; computers, electronic devices down US$ 466 million; garments and textiles down US$ 341 million; machines, equipment, and spare parts down US$ 167 million. 

On the other hand, in the first half of October, import value touched US$ 10.68 billion, down 5.9% equivalent to US$ 674 million against the second half of September. 

As of mid October, total import value was US$ 198.11 billion, up 8.1% against the same period last year (equivalent to US$ 14.85 billion. 

The General Department of Viet Nam Customs forecast that Viet Nam’s preset goal of US$ 500 billion trade turnover is feasible in 2019./.  

By Khanh Phuong 

 

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