Phone exports create October trade surplus record

SGGP
Vietnam obtained the highest ever trade surplus of US$2.18 billion in October, nearly double the value in September, thanks to high phone export turnover, according to General Department of Vietnam Custom.
 

Workers at the smart phone production of Samsung SEVT plant in the northern province of Thai Nguyen

Workers at the smart phone production of Samsung SEVT plant in the northern province of Thai Nguyen

While machines and equipment, usually posting the largest import value in previous months, continuously reduced from $3.45 billion in May to $2.53 billion in October.
That has contributed to the October trade surplus increasing the value during the first ten months this year. Of these, foreign direct investment sector gained the trade surplus of $17.8 billion while domestic sector posted the trade deficit of $15.3 billion.

By SI NHON – Translated by Hai Mien

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