Trade Surplus Touches US$ 1.6 Bln
Vietnam ran a trade surplus of US$ 1.6 billion in the first five months of 2014, according to the General Statistics Office (GSO).
The GSO reported that in the January-May period, the FDI sector continued to enjoy a high trade surplus of US$ 6.9 billion. Meanwhile, the domestic sector suffered from a trade gap of US$ 5.3 billion.
In the reviewed period, export turnover was estimated at US$ 58.5 billion, up 15.4 percent against 2013, of which US$ 19 billion were contributed by the domestic sector (up 11.9 percent) and US$ 39.5 billion by the FDI sector (up 17.1 percent).
Export volume of key commodities surged sharply including telephones, spare parts, garments and textiles, footwear, aquaculture, machines, equipment as well as furniture.
However, shipment of electronic products, computers and spare parts and rice were on the decline.
According to the GSO, the US continued the largest importer of made-in-Vietnam products, followed by the EU, ASEAN, China, Japan and the Republic of Korea.
In the January-May period, import turnover valued US$ 56.8 billion, year-on-year increase of 9.6 percent.
Vietnam’s key imports included machines, equipment, fabrics, petrol, plastic products, raw materials for garments and textiles, footwear, and chemicals.
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