• VIETNAM LEASING OFFICE AGENCY

Vietnam’s trade still saw a surplus of US $ 3 billion in the first four months

Vietnam’s trade still saw a surplus of US $ 3 billion in the first four months

Vietnam announced a trade surplus of about US $ 3 billion in the first four months of 2020, up 3.4% from the same period last year, according to the latest statistics from the General Statistics Office.

Vietnam records trade surplus of over 3 billion USD

Once broken, the domestic investment sector is estimated to have a trade deficit of US $ 7.1 billion over a four-month period while foreign-invested companies record a trade surplus of 10.1 billion. U.S. dollar.

Exports of domestic companies are estimated to have increased by 12.1% over the same period to US $ 26.45 billion in the period, accounting for 31.9% of the country’s export. Meanwhile, FDI enterprises gained US $ 56.49 billion from foreign shipments, increasing by 1.5% and accounting for 68.1% of the total.

In April alone, Vietnam’s exports and imports reached US $ 19.7 billion and US $ 20.4 billion, down 18.4% and 7.9%, respectively, compared to the previous month.

Viet Nam enjoys a trade surplus of US$3 billion in the first four months of 2020, according to the General Statistics Office
Viet Nam enjoys a trade surplus of US$3 billion in the first four months of 2020, according to the General Statistics Office (Photo: chinhphu)

Overall, Vietnam’s trade turnover may reach USD 162.83 billion during the period from January to April, up 3.4% from the same period last year, of which its export value may be amounted to 82.94 billion USD, up 4.7% compared to the previous year, and imports were estimated at 79.89 billion USD, up 2.1%, as reported by vietstock

During the review period, 15 items participated in the USD 1 billion export club, accounting for 80.1% of the total export value.

Increasing concerns about the possibility of trade suspension in major markets of Vietnam due to the Covid-19 pandemic, local companies have stepped up import and export activities in the last 10 days of March. , Samsung completed exporting its new smartphone.

As a result, phones and parts are expected to have the largest export revenue of all exports between January and April at US $ 16.2 billion, up 1.1% from over the same period and account for 19.5% of Vietnam’s total exports.

VGP has reported that important export items of Vietnam include phones and accessories ($ 16.2 billion), electronics, computers and spare parts ($ 12.4 billion), apparel (8. , $ 9 billion), machinery, equipment and tools ($ 6.9 billion), footwear ($ 5.5 billion), wood and wood products ($ 3.4 billion), vehicles and tools tools (US $ 2.7 billion) and fishery products (US $ 2.2 billion).

In addition, electronic products, computers and components earned about 12.4 billion USD, up 28.6% over the previous year; garments with 8.9 billion USD, down 5.8%; equipment and spare parts with US $ 6.9 billion, up 29.6%; footwear with US $ 5.5 billion, up 1.3%; wood and wooden products with US $ 3.4 billion, up 10.1%; means of transport with US $ 2.7 billion, down 3.9%; seafood with US $ 2.2 billion, down 8.5%, among others.

The US remained Vietnam’s largest importer for four months with 20.3 billion USD, up 13.4%. Followed by China (13.1 billion USD), EU (10.7 billion USD), ASEAN (8.2 billion USD), Japan (6.7 billion USD) and South Korea (6.2 billion USD). .

China was the largest exporter of Vietnam in four months with 22.7 billion USD, down 0.1%, followed by South Korea (15.5 billion USD), ASEAN (9.9 billion USD), Japan. Japan (US $ 6.4 billion), US (US) US $ 4.7 billion) and EU US $ 4.5

Source: GOV

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find an suitable Office For Lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

img

LOOKOFFICE

    Related posts

    Japanese company need to import salted ginger from Vietnam

    Japanese food company Marutsu needs to import pickled ginger from Vietnam. Vietnamese...

    Continue reading
    by LOOKOFFICE

    Japanese companies look for Vietnamese rice-based oil producer

    Japanese enterprises need to contact to import edible oil produced from rice (rice...

    Continue reading
    by LOOKOFFICE

    Pakistan invites bids to supply medical equipment

    The National Disaster Management Authority (NDMA) of Pakistan invites urgent bids to provide...

    Continue reading
    by LOOKOFFICE

    Join The Discussion

    error: Content is protected !!