Vietnam posts import-export revenue of over US$428 billion in 10 months

Monday, 2019-11-18 13:11:27
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Vietnam enjoys a record trade surplus of over US$9 billion in the past 10 months. (Illustrative image)
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NDO – Vietnam reported US$428.63 billion worth of import and export revenue in the first 10 months of 2019, up 8% compared to the same period in 2018, according to the General Department of Vietnam Customs.

Of the total, foreign direct investment (FDI) enterprises posted total import and export revenue of US$271.13 billion while the remaining amount came from domestic enterprises.

Vietnam is estimated to reach US$218.82 billion worth of export revenue, up 8.3%, and US$209.81 billion worth of import revenue during the 10-month period, up 7.7% over the same period in 2018, resulting in a record trade surplus of over US$9 billion.

With such a result, Vietnam’s export growth is currently surpassing the set target of 7-8%.

Phones and components posted the highest export revenue, at US$44.03 billion, while computers, electronic products and components came in second with a total export revenue of US$29.12 billion.

In the January-October period, Vietnam mainly imported computers products, electronic products and components, machinery, equipment, devices and other components.