Trade surplus recorded in first seven months

VGP - Viet Nam enjoyed a trade surplus of US$1.26 billion in the first seven months of the year, equal to 1.5% of the country’s total export turnover.

July 29, 2014 2:44 PM GMT+7

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Of the figure, the foreign direct investment sector contributed US$9.78 billion, statistics shows.

According to the General Statistics Office, the total export turnover attained US$83.5 billion, witnessing a year-on-year increase of 14.1%. The figure includes US$55.8 billion foreign-invested sector.

Key exports commodities like mobile phones and spare parts, garments and textiles, footwear, seafood, machinery, equipment, tools, wood and timber products, coffee and pepper saw sharp increases in the reviewed period.

As of July 2014, the US was the largest importer of Viet Nam, followed by the EU, ASEAN, China, Japan and the Republic of Korea.

Meanwhile, China was the largest exporter to Viet Nam with the trade deficit of US$14.8 billion, up 14.4%.

By Thuy Dung