Vietnam’s total import and export turnover by mid-July reached nearly US$403 billion, racking up a trade surplus of US$11.88 billion, according to the latest statistics released by the General Department of Vietnam Customs.

Most notably, Vietnam grossed US$16.26 billion from exports during the first half of July , with four categories of commodities posting a turnover of over US$1 billion, including computers, electronic products, and components; phones and components; machinery, equipment, tools, and spare parts along with garments and textiles.

The positive signs seen in exports between July 1 and July 15 raised total export turnover since the beginning of the year to US$207.25 billion, an increase of 15.19% on-year.

Meanwhile, the country spent US$195.37 billion on importing goods throughout the reviewed period, up 17.7% against the same period from last year.

According to details given by experts, with sanguine signs in import-export activities since the beginning of the year, the country is projected to fetch US$377 billion in export turnover this year, up about 6% on-year and record a trade surplus of approximately US$15 billion. 

Businesses are required to closely monitor market developments, diversify export markets, strive to fully tap into Free Trade Agreements (FTAs), develop logistics services, and support firms looking to shift to bolster exports via official channels in association with brand building.

Source: VOV

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