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Vietnam racks up $12m in trade surplus
Publication Date : 16-10-2013
Vietnam enjoyed a trade surplus of US$12 million in the first nine months of this year, with export turnover of over $96.27 billion and import value of $96.26 billion.
According to the Vietnam General Department of Customs, the figures differed from the General Statistics Office's previous forecast of a $124 million trade deficit.
In the second half of last month, the country's exports reached $6.25 billion while imports accounted for $5.98 billion.
Phones and spare part took the lead with earnings of $1.35 billion, followed by garments ($870.58 million) and computers and electronics ($496.15 million).
In the nine-month period, foreign direct investment (FDI) businesses achieved export value of $58.69 billion and import value of $54.84 billion. The sector recorded a trade surplus of $3.85 billion.
Exports (excluding crude oil) brought in $58.69 billion, an increase of 27.6 per cent that accounted for 61 per cent of the country's total export value.
Import value was estimated at $54.84 billion, a 25.6 per cent surge that accounted for 57 per cent of the country's total import value.
In September alone, FDI businesses reaped $7.17 billion from exports, decreasing 1.6 per cent over the previous month and accounting for 64.11 per cent of the country's total exports.
They spent $6.77 billion on import goods and services, up 6.6 per cent, accounting for 60.06 per cent of the country's monthly import value. The FDI sector ran a $400 million trade surplus in September.
Last year, the FDI sector posted a trade surplus of $4.1 billion, exporting $64.04 billion worth of goods and services (up 33.7 per cent) and importing $59.94 billion worth of goods (up 22.7 per cent).