FDI sector attains US$9.8 billion in trade surplus

Foreign Direct Investment (FDI) enterprises continued contributing much to Vietnam’s export turnover last year, bringing a trade surplus of US$9.8 billion, reported the General Statistics Office.

Workers at Strongway Company in Le Minh Xuan Industrial Zone, HCMC (Photo: SGGP)

They posted an export turnover US$93.99 billion and import turnover of US$84.19 billion.

The country’s total export turnover was beyond expectations to top US$150.19 billion while import turnover exceeded US$148 billion. Up to 23 export items reached a turnover of over US$1 billion, according to the office.

Vietnam thus gained a trade surplus of US$2.14 billion. The number was US$749 million in 2013 and only US$0.3 million in 2012.

Experts from the Ministry of Planning and Investment said that the country’s positive trade surplus was due to recovery in production and export, not due to import reduction caused by production and trading stagnancy.

By Anh Thu – Translated by Hai Mien

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