Trade surplus in January hits 765 million USD

by VTV422 February 2016 Last updated at 06:36 AM

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(Photo illustrated: dichvuhanghai.com)

VTV.vn - According to the General Department of Vietnam Customs, Vietnam’s trade surplus has hit a record of 765.5 million USD in January, contrary to a predicted 200 million USD trade deficit made by the General Statistics Office.

Customs reports show that Vietnam’s exports in January reached 13.36 billion USD, decreased by 1% compared to the same period last year. Imports fell to 12.6 billion US dollars, decreased by over 10%. The trade surplus in the FDI sector reached 1.86 billion USD, accounting for over 67% of total exports.

Among the four products with export values reaching a billion USD, textiles and footwear had their values rise by 6% and 10% respectively. However, machinery imports, which are important for economic growth, fell by 14.5% compared to last year.