Vietnam records US$1.4 billion in trade surplus in first four months

Thursday, 2021-04-29 15:47:59
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NDO - Vietnam exported US$103.9 billion worth of goods in the first four months of 2021 while importing US$102.61 billion, registering a trade surplus of US$1.4 billion, according to the General Statistics Office.

Data showed that there were 19 goods with revenue of over US$1 billion each, whose combined revenue accounted for 84.5% of Vietnam’s total exports.

Exports during the January-April period rose 28.3% against the same period last year, in which exports by the domestic sector increased 12.8% to reach US$25.76 billion while the foreign-invested sector brought in revenue of US$78.14, a rise of 34.4%.

The United States was the largest importer of Vietnamese goods at US$30.3 billion, up 50.1%, followed by China at US$16.8 billion, up 32.4%.

Other major buyers of Vietnamese goods included the EU (US$12.6 billion), ASEAN (US$8.8 billion), the Republic of Korea (US$6.9 billion) and Japan (US$6.5 billion).

On the import side, China remained the largest source of imports to Vietnam at US$33.1 billion, followed by the Republic of Korea and ASEAN at US$16.9 billion and US$14.1 billion, respectively.

In other economic data, the consumer price index fell 0.04% in April due to abundant food supplies and lower electricity and water demand. Average inflation in the January-April period was 0.89%, the lowest figure since 2016.

In the first four months of 2021, the number of newly established enterprises was estimated at nearly 44,200, up 17.5% over the same period last year, with their registered capital also rising by 41%.

Such positive figures demonstrate the business community’s increasing confidence in the government’s policy on preventing the spread of Covid-19 while promoting socio-economic development.