Trade Surplus Recorded in July

Vietnam logged a trade surplus of US$100 million in July, pulling down the trade deficit in the first seven months to a record low of US$58 million, according to the General Statistics Office.

 

In July, export turnover was estimated at US$9.6 billion compared to US$9.89 billion in the previous month. Meanwhile, import turnover fetched US$9.5 billion, down US$29 billion against June, 2012.

 

Export commodities earning over US$1 billion include garments (US$1.4 billion); telephones and spare parts (US$1.2 billion).

 

The first seven month import-export value stood at US$125.92 billion, of which total imports reached nearly US$63 billion, up 7.3 percent over the same period last year. Domestic sectors imported $30.09 billion, down 7.3 percent, while the foreign-invested sector imported US$32.9 billion, an increase of 25.3 percent.

 

VGP