Vietnam-US trade turnover increases by 11 percent

SGGP
Two way trade turnover between Vietnam and the US reached $15.47 billion in early May this year, up 11 percent over the same period in 2016, reported the General Department of Vietnam Customs.

(Illustrative photo)

(Illustrative photo)

Vietnam-US export import now accounts for 12.3 percent of the country’s total turnover.
In April, the two sides’ turnover reached $4.57 billion. Of these, Vietnam’s export to the US topped $3.8 billion, up 13.9 percent over the previous month. Vietnam’s import from the US hit $767 million, down 2.6 percent against the previous month.
Vietnam-US goods trade balance saw a surplus of nearly $3 billion in April, taking the two sides’ four month goods trade balance to $9.4 billion in the first four months this year, accounting for 75 percent of total export import turnover.

By HAN NI – Translated by Hai Mien

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