Vietnam’s trade revenue estimated to exceed US$336.2 billion in eight months

Update: 18:17 | 31/08/2020

Vietnam's import-export turnover is estimated at US$336.32 billion in the first eight months, an annual reduction of 0.3%, according to the General Statistics Office.

The domestic sector remained a bright spot with its export and import values reaching US$60.8 billion and US$72.05 billion, recording year-on-year increases of 15.3% and 2.9%, respectively.

Vietnam, trade revenue, eight months, import-export turnover, annual reduction, bright spot, year-on-year increases

The domestic sector remained a bright spot with its export and import values reaching US$60.8 billion and US$72.05 billion, respectively.

The eight-month export turnover was about US$174.11 billion. There were 27 products reeling in over US$1 billion each. They included phone and components (US$31.5 billion); electronic devices, computers and components (US$27.6 billion); and apparel (US$19.2 billion). However, most agricultural products saw a reduction in export revenue.

The US was the biggest importer of Vietnam, purchasing goods worth US$46.7 billion, an annual growth of 19%. The market was followed by China (US$27 billion), the EU (US$22.9 billion), the Republic of Korea (US$12.6 billion), and Japan (US$12.5 billion).

The country’s import in the period, meanwhile, was estimated at US$162.21 billion, down 2.2% from last year. Vietnam spent US$151.6 billion and US$10.55 billion on buying production materials and consumer goods overseas, down 1.7% and 9.2% year-on-year, respectively.

Trade union at Vietnam Bank for Social Policies donates for Covid-19 prevention in Bac Giang province
(BGO) – The Fatherland Front’s Committee (FFC) in Bac Giang province on August 18 received the expenses donated by the Trade Union of Vietnam Bank for Social Policies for the local Covid-19 prevention and control at the FFC’s office. Member of the provincial Party Committee, FFC Chairman Tran Cong Thang received the donation.
Vietnam, China discuss measures to promote bilateral trade
The Vietnamese Ministry of Industry and Trade and the Chinese Ministry of Commerce jointly held the 9th Meeting of the Vietnam-China Working Group on Economic and Trade Cooperation via an online form for the first time on August 13.
Vietnam, Chile seek to foster economic, trade cooperation
Deputy Minister of Industry and Trade Do Thang Hai on August 4 held a virtual meeting with Rodrigo Yanez Benitez, Under-Secretary for International Economic Relations at the Chilean Ministry of Foreign Affairs, to boost economic and trade cooperation between the two countries.
Seven-month trade surplus triples
Vietnam reported a $6.46 billion trade surplus in the first seven months of this year, a year-on-year increase of 328 percent. In July alone, trade surplus reached $1 billion, the Ministry of Industry and Trade (MoIT) said in a report.
Creating trademark for Nghia Phuong custard apple
(BGO) – “Nghia Phuong custard apple” in Nghia Phuong commune, Luc Nam district, Bac Giang province has recently been a popular name among the customers not only for its signature sweet taste gained by the creative cultivation method of the local farmers but also the specific stamp to ease the product consumption. 

Source: NDO/VNA

Bình luận mới vừa được thêm vào. Click để xem
Mới nhấtHay nhấtXếp theo: