Vietnam ran a trade surplus of 4.07 billion USD in the first quarter this year, with 79.17 billion USD in export revenue and 75.1 billion USD in imports, down 11.9% and 14.7% annually, respectively, reported the General Statistics Office on March 29.
Hanoi (VNA) – Vietnam ran a trade surplus of 4.07billion USD in the first quarter this year, with 79.17 billion USD in exportrevenue and 75.1 billion USD in imports, down 11.9% and 14.7% annually,respectively, reported the General Statistics Office on March 29.
Of the export revenue, 19.26 billion USD was contributed by the domestic economicsector and the remaining from the foreign-invested sector, marking a respectiveannual decrease of 17.4% and 10%.
During the period, four types of goods earned over 5 billion USD, accountingfor 52.8% and 14 others raked in more than 1 billion USD, making up 77.4%.
The domestic sector also spent 26.03 billion USD in imports, down 13.3% whilethe foreign-invested sector poured 49.07 billion USD or a 15.4% drop. Most ofthe imports were materials for production, equivalent to 93.5%.
The US remains the biggest importer of Vietnam with a turnover of 20.6 billionUSD, followed by China with 23.6 billion USD. Vietnam’s trade surplus with theUS was estimated at 17.5 billion USD, down 23.4% year-on-year while that withthe EU reached 6.9 billion USD.
In a scheme on restructuring the industry and trade sector till 2030, thesector targets maintaining annual trade surplus growth of 6-8%.
To that end, the sector looks to continue diversifying export markets andgoods, developing export via e-commerce, digitalising trade promotion activities, and popularising Vietnamese trademarks./.
Despite decreases in both imports and exports, the country still enjoyed a trade surplus of 3.6 billion USD in the first month of 2023, according to the General Statistics Office (GSO).
Total import-export revenue in the first two months of this year is estimated at 96.06 billion USD, down 13.2% year on year, with a trade surplus of 2.82 billion USD, reported the General Statistics Office (GSO).
The southern province of Binh Phuoc enjoyed an impressive growth in export turnover in the first two months of 2023 with trade surplus reaching 220 million USD, according to the provincial Statistics Office.
Total import-export revenue in the first two months of this year is estimated at 96.06 billion USD, down 13.2% year-on-year, with Vietnam posting a trade surplus of 2.82 billion USD, the General Statistics Office (GSO) has reported.
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At Saigon New Port (Photo: VNA) 
