Viet Nam posts trade surplus of $9.4 billion in 10 months
Viet Nam posted a trade surplus of US$9.4 billion in the first ten months of 2022, compared to $630 million in the same period last year, according the General Statistics Office (GSO).
In October, the country's total export and import value was estimated at $58.27 billion, up 0.1 per cent month on month and 5.7 per cent year on year, the GSO said on October 29.
The 10-month foreign trade stood at about $616.24 billion, up 14.1 per cent from the same period last year.
That included $312.82 billion in exports, rising 15.9 per cent, with $80.36 billion coming from the domestic sector (up 13.4 per cent) and $232.46 billion from the foreign invested sector (up 16.8 per cent).
Meanwhile, Viet Nam imported about $303.42 billion worth of goods, increasing 12.2 per cent year on year, with the domestic sector accounting for $105.28 billion (up 12.5 per cent) and the foreign invested sector, $198.14 billion (up 12 per cent).
Between January and October, the US was the largest importer, purchasing some $93.4 billion worth of Vietnamese goods. China ranked first among exporters when shipping $100.7 billion worth of goods to Viet Nam.
Spectacular achievement
Viet Nam is on track to see a trade surplus of $10 billion this year despite enduring global market uncertainties and fluctuations, Minister of Trade and Industry Nguyen Hong Dien reported at the ongoing fourth session of the 15th National Assembly last weekend.
This is certainly a spectacular achievement for Viet Nam this year, stressed the minister.
He attributed these positive results to solutions the Government, ministries, and especially the business community have implemented to stimulate consumption demand and connect product consumption outlets in order to promote trade exchanges.
Diên recalled that despite facing the negative impact caused by the COVID-19 pandemic, Viet Nam’s total foreign trade turnover last year hit $668 billion, making the country one of the 20 largest economies in the world in terms of international trade.
