Vietnamese exports on good pace, multi-million dollar surplus

Vietnamese exports on good pace, multi-million dollar surplus

Vietnamese exports experienced a 4.2 percent year-on-year increase until September and posted a surplus more than twice higher than that of the same period in 2019, the General Department of Statistics reported today.

Despite the complications of international trade due to the Covid-19 pandemic, foreign sales maintained their good rhythm and in the first nine months of the year reached 202,860 million dollars, the entity indicated.

He specified that 35.6 percent of exports corresponded to state and local private companies, and the rest to those operating under the foreign investment regime.

Overall, Vietnamese foreign trade amounted to 388.73 billion dollars, a year-on-year growth of 1.8 percent.

The export-import correlation left a surplus of 16.9 billion dollars, the highest figure for a similar period in the last five years (against 7.27 billion in January-September 2019).

Five product groups each reported more than $10 billion and together accounted for almost 60 percent of the total. The top products were phones and components; electronics, computers and other components; apparel; and wood and its derivatives.

Another 25 had sales of over $1 billion and their dividends, together with those of the previous ones, represented 91.3 percent of the total value of exports.

The United States, China, the European Union, South Korea and Japan remained the main customers to Vietnam, in that order.