Trade surplus reaches US$865 million this year

Vietnam gained a trade surplus of US$865 million in the first two months this year, reported the General Statistics Office.

An export cuttlefish processing plant in HCMC (Photo: SGGP)

Foreign direct investment (FDI) firms saw the trade surplus amounting to US$2.9 billion including crude oil while domestic sector still posted a trade deficit of nearly US$2.1 billion.

Total export turnover in the first two months was estimated to hit US$23.7 billion, up 2.9 percent over the same period last year.
Major export items on the rise comprised phones and parts, garment and textile, electronic items, computers and components and footwear.
In February alone, the export turnover dropped 22.9 percent against the previous month to US$10.3 billion.
Two month import turnover touched US$22.8 billion, down 6.6 percent versus a year ago. In February it slid 19 percent over January to hit US$10.2 billion.

By T. Van – Translated by Hai Mien

Other news