Vietnam maintains trade surplus momentum in October

SGGP
Vietnam continued enjoying a trade surplus of US$6.4 billion at the end of October, higher than the previous month by US$ 1.01 billion, announced General Statistics Office of Vietnam yesterday.

A seaport in HCMC (Illustrative  photo: SGGP)

A seaport in HCMC (Illustrative photo: SGGP)

In October, export turnover was estimated to reach $200.27 billion, a year on year increase of 14.2 percent. Major export items keeping turnover increase momentum include phone and parts, garment and textile, electronics, computers and components, machines and equipment and footwear.
The month also witnessed the growth in the export turnover of agricultural and seafood products. Cashew nut and pepper showed no signed of recovery.
The US is the largest export market of Vietnam with the turnover of $39 billion, up 12.8 percent over the same period last year; followed by China with $32.1 billion, ASEAN $20.6 billion, Japan $15.3 billion and South Korea $15 billion.
China is the biggest import market of Vietnam with the import turnover hitting $52.9 billion, a year on year increase of 12.4 percent; followed by South Korea with $39.2 billion, ASEAN $26 billion, Japan $15.5 billion, EU $11.2 billion and the US $10.6 billion.

By MINH XUAN – Translated by Hai Mien

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