Vietnam posts record trade surplus of nearly US$11 billion

The country enjoyed a trade surplus of approximately US$11 billion during the first 11 months of the year, with roughly US$1.45 billion being recorded during November, according to the latest statistics released by the General Department of Vietnam Customs.
vietnam posts record trade surplus of nearly us 11 billion

Vietnam's total import and export value throughout November suffered a drop of 5.3 per cent to US$44.13 billion in comparison to the previous month.

This drop in November comes despite the country’s total import-export value surging by 7.2 per cent during the 11-month period to US$472.63 billion against the same period from last year.

Of the figure, the country's exports during November grossed US$22.79 billion, a fall of 5.9 per cent from the previous month and bringing the total export turnover throughout the reviewed period to US$241.65 billion, an increase of 7.9 per cent on-year.

November saw the export value of foreign direct investment (FDI) firms reach US$15.17 billion, a 7.7 per cent fall in comparison to October, bringing the total export turnover by FDI enterprises to US$165 billion during the 11-month period, up 4.1 per cent on year.

The commodities that enjoyed the highest export value throughout November include phones and components with US$4.49 billion, computers, electronics and components with US$3.26 billion, textiles and garments with US$2.5 billion, machinery, equipment, spare parts with US$1.77 billion, and footwear products with US$1.7 billion.

Source: VOV

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