On 15 December, 2016: Trade surplus of more than $US 2.59 billion
By the end of November, 2016: $US 2.98 billion of trade surplus | |
Prime Minister sets targets of 4% GDP in 2017. | |
Vietnam expects foreign investment to reach record-high $15 billion in 2016 |
Export turnover of the 10 largest commodity groups of Vietnam (accumulated on 15 December 2016 compared to the same period in 2015) |
The latest preliminary statistics of the General Department of Customs showed that the total import-export turnover of Vietnam in the first period of December, 2016 (from 1 December, 2016 to 15 December, 2016) reached more than $US 16.09 billion, declined 3.9% (equivalent to a decrease of $US 660 million) compared to the second period of November, 2016. Thus, on 15 December, 2016, the trade balance in the first period of December, 2016 was in deficit of $US 288 million, which took the whole country’s trade balance from the beginning of 2016 to the end of 15 December, 2016 to a trade deficit of more than $US 2.59 billion
In the first half of December, 2016, FDI Enterprises had a drop in export turnover to $US 10.33 billion, down by 3.7%, equivalent to $US 400 million compared to the second half of November, 2016. Until 15 December, 2016, FDI Enterprise’s export turnover reached nearly $US 215.52 billion, up by 8.2%, equivalent to nearly $US 16.34 billion compared to the same period in 2015. The trade balance of FDI Enterprises in the first half of December, 2016 gained a trade surplus of $US 779 million, which took the trade surplus of FDI Enterprises from the beginning of 2016 to the end of 15 December, 2016 to nearly $US 20.47 billion.
About exports, Vietnam’s export turnover in the first period of December, 2016 gained more than $US 7.9 billion, reduced by 7.2% (equivalent to a decrease of $US 612 million) over the second half of November, 2016. Until 15 December, 2016, the country’s total export turnover reached nearly $US 167.83 billion, increased by 8.5% (equivalent to an increase of more than $US 13.11 billion) compared to the same period in 2015.
Compared to the second half of November, 2016, the export in the first period of December, 2016 had an increase/decrease in some following groups: textiles and apparel increased 1.5%, equal to $US 15 million; vegetables and fruits increased 19.8%, equal to $US million, rice increased 43%, equal to $US 27 million, and coffee increased 24.5%, equal to $US 34 million.
Meanwhile, vehicles and spare parts declined 20.1%, equal to $US 61 million; crude oil declined 55.1%, equal to $US 74 million, machines, equipment and other components declined 12.7%, equal to $US 75million; and telephones and accessories declined 16%, equal to $US 281 million.
The export value of Foreign Direct Investment Enterprises (FDI) in this period reached nearly $US 5.56 billion, down by 8.8% (equivalent to $US 533 million) compared to the last fifteen days of November, 2016. Therefore, at the end of 15 December, 2016, the export turnover of FDI Enterprises achieved more than $US 117.99, up by 11.5%, equivalent to $US 12.17 billion compared to the same period in 2015 and accounted for 70.3% of the whole country’s total export turnover.
About imports, the import value of Vietnam in the first period of December, 2016 achieved nearly $US 8.19 billion, down by 0.6% (corresponding to $US 48 million) against the last fifteen days of November, 2016. Until 15 December, 2016, the whole country’s total import turnover achieved more than $US 165.23 billion, up by 4.3% (corresponding to more than $US 6.85 billion) compared to the same period in 2015.
Compared to the second half of November, 2016, the import of the first half of December, 2016 had an increase/decrease in some following groups: Corn rose 68.8%, corresponding to an increase of $US 35 million; soybeans rose 4.4 times corresponding to an increase $US 40 million, machines, equipment,tools and spare parts rose by 3.2%, corresponding to an increase of $US 44 million;and iron and steel rose by 17.9%, corresponding to an increase of $US 59 million.
The groups that decreased are: wheat decreased by 50.3%, equivalent to $US 28 million; foodstuff for cattle fell 18.6%, equivalent to $US 34 million; petrol and oil fell 24.5%, equivalent to $US 69 million; vehicles and parts fell 85.6%, equivalent to $US 165 million.
Vietnam first records US$2 billion trade surplus with G20 Vietnam enjoyed a trade surplus of US$2.02 billion with the Group of Twenty (G20), accounting for 2.7% ... |
The import value of FDI Enterprises in the first period of December, 2016 reached nearly $US 4.78 billion, up by 2.9% (equivalent to $US 133 million) over the second half of November, 2016. Therefore, until 15 December, 2016, FDI Enterprise’s total export turnover reached more than $US 97.52 billion, up by 4.5% compared to the same period in 2015, equivalent to $US 4.17 billion, accounting for 59% of the whole country’s total export turnover.
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