Vietnam enjoys trade surplus of US$500 million in October

09:43 | 20/11/2015 Trade

The General Department of Vietnam Customs announced that Vietnam enjoyed a trade surplus of US$500 million in October instead of a trade deficit of US$100 million as forecast earlier by the General Statistics Office, bringing the country's trade deficit in the first ten months of this year to US$3.6 billion instead of US$4.1 billion.

Vietnam enjoys trade surplus of US$500 million in October

Vietnam enjoys a trade surplus of US$500 million in October

Vietnam posted an export revenue of nearly US$14.3 billion in October, up 3.6% over the previous month, raising the total export revenue in ten months to US$134.4 billion, a year-on-year increase of 8.3%.

In the meantime, the nation's import revenue was reported at over US$13.8 billion in October, down 1.6% against the previous month, bringing in US$137.9 billion in total import revenue in ten months, up 13.7% over the same period in 2014.

Foreign direct investment (FDI) enterprises recorded over US$9.8 billion in export revenue in October, up 2.1% over the previous month, and nearly US$92 billion in export revenue in ten months, an increase of 19.4% compared to the corresponding period last year.

The FDI sector imported nearly US$8.2 billion worth of goods in October, down 3.3% over the previous month, and nearly US$81.5 billion worth of goods in ten months, up 18.5% over the same period in 2014.

As a result, the FDI sector continued to enjoy a trade surplus of over US$1.6 billion in October and over US$10.2 billion in the first ten months of this year.

In October, the export of rice saw the highest growth at 83.5% compared to the previous month, and was followed by the export of ores and minerals (36.4%), and rattan, bamboo, sedge and carpet (26%). Meanwhile, the import of liquefied petroleum gas witnessed the highest increase in October at 109.2%. The import of fertilizers came in second, up 64.2%, and the import of oil and petrol went up by 63.6% over September./.

 

Source: NDO

Theo ven.vn