H1 Budget Revenue Down 15.53%

10:14:14 AM | 7/13/2020

Vietnam’s total export and import value was estimated at US$41.5 billion in June 2020, up 11.1% over the previous month, according to the General Department of Vietnam Customs. Of the sum, exports valued US$21 billion, up by 9.5%, and imports were worth US$20.5 billion, up 12.8%. Compared to the same period in 2019, the country's export value was down 2%, while the import value rose by 5.3%.

Thus, Vietnam's trade ran a surplus of US$500 million in June. The country’s merchandise export and import value was projected at US$238.4 billion from January to June, up 2.1% year on year. Vietnam took a trade surplus of US$4.038 billion in the first six months 2020.

The key export is still crude oil. The total state budget revenue in the six-month period reached VND149,015 billion, equal to 44.08% of the estimate and 41.98% of the full-year target, down 15.53% year on year.

Source: Vietnam Business Forum