Friday, 20 Oct 2017

Vietnam enjoys trade surplus of US$ 400m in September

Updated at Saturday, 30 Sep 2017, 21:05
The Hanoitimes - It`s witnessed that the Vietnam`s rice export turnover hold the firm growth.
According to Vietnam’s General Statistic Office, the country enjoys a trade surplus at US$400 million in September, but the trade deficit was estimated at US$442 million during the first nine months in 2017.
Specifically, the export turnover in September is valued at US$19 billion, decreasing 3.9% over the previous month yet nonetheless has continued to increase strongly at 23.6% over the same period in 2016. However, import turnover during the month was estimated at US$18.6 billion, up 2.3% over the previous month and up 27.3% over the same period last year.
Previously in August, the trade surplus reached US$400 million and the figure for July was at US$266 million.
For the nine month period of this year, exports were estimated at US$154 billion, up 19.8% over the same period last year, of which the domestic economic sector gained US$43.2 billion, up 16.8% and the FDI sector (including crude oil) reached US$110.8 billion, an increase of 21%.
Significantly, several key export items still maintained their upward trend in the first nine months of 2017, including telephone & components valued at US$30.99 billion, up 21.4%; textiles and garments at US$19.26 billion, up 8.6%; and computers, electronic products and components valued at US$18.46 billion, up 40.8% over the same period of 2016.
In overall, in the first nine months of this year, the trade deficit was at US$442 million, of which the domestic economic sector made up a trade deficit of over US$18 billion, while FDI enjoyed trade surplus of US$17.64 billion.
It is noteworthy that the trade deficit from the South Korea in nine months amounted to US$23.3 billion, an increase of 57.7% over the same period of 2016, the largest trade deficit market of Vietnam; followed by trade deficit from China at US$19.7 billion, down 5.6% and trade deficit from ASEAN bloc at US$4.6 billion.
Service exports in this period were estimated at US$9.74 billion, which was up 7.3% over the same period last year, of which tourism services exports reached US$6.58 billion, accounting for 67.6% of the total export turnover and increase by 7.3%.
Imports of nine-month services were estimated at US$12.55 billion, up 2.9%, of which imports of transport services reached US$5.97 billion, accounting for 47.5% of total imports and increased 0.9%. Trade deficit in services of nine months was at US$2.81 billion, equivalent to 28.9% of service export turnover.
In September 2017, estimated budget collection was at VND22 trillion (US$968 million), announced by General Department of Vietnam Customs.
Lien Ha
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