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Vietnam posts trade surplus of US$4 billion

by NDO30 June 2020 Last updated at 16:00 PM

Facemasks and medical equipment post increasing export revenue during the COVID-19 pandemic. (Illustrative image)
Facemasks and medical equipment post increasing export revenue during the COVID-19 pandemic. (Illustrative image)

VTV.vn - Vietnam reported a trade surplus of US$4 billion for the first six months of this year, a sharp increase compared to the same period last year despite considerable impacts from the COVID-19 pandemic, according to the GSO.

The GSO stated that the import and export revenues of several goods have suffered significant effects from the coronavirus pandemic which continues to develop in a complicated manner on a global scale, particularly among Vietnam’s leading trade partners.

Vietnam’s total import and export revenue reached US$238.4 billion in the first six months of this year, down 2.1% over the same period last year. Of which, export revenue declined by 1.1% and import revenue decreased by 3%.

Specifically, the country’s export revenue was reported at US$121.21 billion and import revenue was posted at US$117.17 billion.

Twenty-two types of goods saw export revenue of over US$1 billion each, accounting for 86.2% of the country’s total export revenue. Meanwhile, 22 types of goods also posted import revenue of over US$1 billion each, accounting for 81.2% of the total import revenue.

Therefore, the country enjoyed a trade surplus of US$4 billion, while a trade surplus of US$1.7 billion was posted for the same period last year.

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