FDI sector suffers from sharp trade decline

In the first 15 days of September, the FDI sector had total export and import turnover of US$ 13.53 billion, down nearly US$ 2.75 billion in comparison with the second half of August. 

As of September 15, the FDI sector had total export and import turnover of US$ 226.64 billion, up 4.6% or US$ 10 billion against the same period last year. 

Hence, the sector ran a trade surplus of US$ 1.05 billion in the first half of September and US$ 22.31 billion by late September 15. 

Specifically, in the first half of September, the FDI sector gained US$ 7.29 billion in export turnover, down 22.3% or US$ 2.09 billion against the second half of August. 

As of September 15, its total export turnover hit US$ 124.48 billion, seeing a year-on-year increase of 4.7%, equivalent to US$ 5.6 billion. The sector occupied 68.5% of total national export turnover. 

In the first half of September, import turnover valued US$ 6.24 billion, down 9.5%, equivalent to US$ 658 million in comparison with the second half of August, 2019. 

As of late September 15, total import value hit US$ 102.17 billion, up 4.5% or US$ 4.4 billion against the same period last year. The FDI sector made up 58% of total national import volume./.

By Kim Anh