Vietnam records US$1.8 trade surplus in first seven months

Tuesday, 2016-07-26 16:58:07
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NDO - Vietnam’s exports in the first seven months of the year reached US$96.8 billion, up 5.3% over the same period last year, surpassing imports by US$1.8 billion, according to the General Statistics Office.

In July alone, Vietnam reported a surplus of US$100 million, with exports and imports estimated at US$14.7 billion and US$14.6 billion respectively.

Vietnam’s major export markets remained as the United States, the European Union and China while the country mainly bought goods from China, ASEAN, Japan and the Republic of Korea.

Although trade deficit of domestic companies remained high, the sector’s export revenue rose 2.4% during the January-July period, indicating that activity was recovering.