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Vietnam Today

Trade surplus at $1.46 billion in first four months

Released at: 09:40, 27/04/2016

Trade surplus at $1.46 billion in first four months

Foreign sector remains the main driver of surplus.

by Tue Lam

Vietnam recorded a trade surplus of $1.46 billion in the first four months of the year, with export turnover standing at $52.9 billion and import turnover $51.4 billion.

The latest figures from the General Statistics Office (GSO) show that export turnover increased 6 per cent while import turnover fell 1.2 per cent compared to the same period last year.

The GSO attributed the trade surplus to the foreign sector, which recorded export turnover of nearly $37.8 billion and import turnover of $30.7 billion, for a trade surplus of $7 billion.

The domestic sector, meanwhile, continued to incur a trade deficit in the four months, of $5.6 billion. 

Declining turnover was seen in machinery, equipment and spare parts, of 8.9 per cent, steel products 41.3 per cent, vehicles 58.3 per cent, and telephones and accessories 6.9 per cent.

Conversely, computers and components saw a 16.3 per cent increase in turnover.

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