FDI sector has a trade surplus of nearly US$ 27 billion

	Expanding trade surplus aids growth
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	Vietnam’s exports forecast to hit US$239 billion this year

Import and export turnover has declined in the first half of November 2018. Photo: T.B

According to the General Department of Vietnam Customs, total value of Vietnam’s exports in the first half of November 2018 reached US$ 10.63 billion, decreasing by 13.8% (equivalent to US$ 1.7 billion) compared to the second half of October 2018.

Compared to the second half of October, export turnover of some major commodities in the first half of November 2018 has declined, including computer, electronic products and components down US$ 249 million, equivalent to 16.3%; Phones and accessories down US$ 221 million, equivalent to 8.4%; Textiles and Garments down US$ 218 million, equivalent to 15.3%; Fishery products down US$ 114 million, equivalent to 23.6%; Machinery, equipment, tools and other spare parts down US$ 110 million, equivalent to 13.3%.

Thus, export turnover of the 5 major commodities decreased US$ 912 million compared to the second half of October.

In the first half of November, export turnover of FDI enterprises reached US$ 7.72 billion, declining 12.7% (equivalent to US$ 1.12 billion) compared to the first half of 2018.

As of 15th November 2018, total FDI enterprise’s export turnover reached US$ 150.51 billion, increasing by US$ 19.3 billion compared to the same period in 2017 and accounting for 70.8% of Vietnam’s total export turnover.

On the downward momentum, import turnover in the first half of November was lower than export turnover.

Specifically, import turnover was US$ 11.05 billion, down 4.4% (equivalent to US$ 510 million) compared to the second half of 2018.

Attracting US$ 23 billion in FDI VCN- According to the report from the Foreign Investment Agency under the Ministry of Planning and Investment, ...

Compared to the second half of October 2018, import turnover of some commodities in the first half of November has decreased, such as: Wheat fell US$ 61 million, equivalent to 65.7%; Coals fell US$ 48 million, equivalent to 33.9%; Fabrics fell US$ 45 million, equivalent to 7.1%; Machinery, equipment, tools and other spare parts fell US$ 38 million, equivalent to 2.4%.

As of the end 15th November, total Vietnam’s export turnover reached US$ 418.45 billion, a year-on -year increase of US$ 50.49 billion (equivalent to 13.7%). The trade surplus was US$ 6.83 billion.

FDI enterprises’ export turnover was US$ 274.22 billion, increasing by 13.6%, equivalent to US$ 32.91 billion compared to the same period in 2017. Especially, FDI sector has a trade surplus of US$ 26.8 billion.