Vietnam reports US$2.77 bln trade surplus in 9 months
Vietnam enjoyed a trade surplus of US$2.77 billion in the first nine months of this year with export turnover of US$128.2 billion and import value of US$125.4 billion.
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According to the Export and Import Department under the Ministry of Industry and Trade (MoIT), main exports were telephones and spare parts; garments; footwear; computers, electronics and their spare parts; and aquatic products.
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The group of telephone and spare parts is the largest contributor to the outcome with 24.96 billion USD, up 8.6 percent against the same period last year. It was followed by textiles with nearly 18 billion USD, a year-on-year rise of 5.9 percent.
To realise the export value target of 181.5 billion USD in 2016, the MoIT said Vietnamese enterprises need to directly join the global distribution network.
Attention will be paid to fostering trade promotion and expanding markets for key commodities, and strictly implementing Vietnam’s commitments to the ASEAN Community and in free trade agreements signed with foreign partners.
Economics experts recommended enterprises to thoroughly understand legal regulations related to food safety and technical barriers.
Specific measures will be taken to further promote exports, especially for key products likely agro-aquaculture and forest products.
