Monday, March 8, 2021 2:04:27 AM - Markets closed
VN-INDEX 1,168.69 +0.17/+0.01%
HNX-INDEX 259.80 +4.03/+1.58%
UPCOM-INDEX 78.56 +0.60/+0.77%
Trade surplus estimated at 711 million USD in four months
vietnamplus.vn - 5/3/2019 12:53:54 PM
 (0 ratings. You must sign in to rate.)
The surge in imports of several commodities limited the trade surplus in the past four months to 711 million USD, compared to the surplus of 3.7 billion USD during the same period last year.
 
According to the General Statistics Office (GSO), Vietnam earned some 19.9 billion USD in exports in April, down 12.6 percent month on month but still up 7.5 percent year on year.
 
In the first four months of 2019, the export revenue was estimated at 78.76 billion USD, up 5.8 percent from a year earlier. The figure consisted of 23.33 billion USD contributed by domestic companies and 55.43 billion USD (including crude oil) by foreign invested firms, respectively rising by 10.5 percent and 4 percent.
 
There were 16 commodities with export turnover of more than 1 billion USD each, and they accounted for 81.2 percent of the total shipments. 
 
They include mobile phones and components (16 billion USD – down 0.2 percent); electronic products, computers and components (9.6 billion USD – up 12.6 percent); textile-garment (9.4 billion USD – up 9.8 percent); footwear (5.3 billion USD – up 13.4 percent); machinery, equipment and spare parts (5.3 billion USD – up 4.1 percent); timber and wood products (3.1 billion USD – up 17.8 percent); transport vehicles and spare parts (2.9 billion USD – up 5.7 percent); and aquatic products (2.4 billion USD – down 1.3 percent).
 
The US was the largest export market of Vietnam between January and April when it imported 17.8 billion USD worth of Vietnamese goods, up 28.4 percent. It was followed by the EU (13.7 billion USD – up 2.8 percent), China (10.4 billion USD – down 5.8 percent), ASEAN (8.4 billion USD – up 7.3 percent), the Republic of Korea (6.2 billion USD – up 7.3 percent), and Japan (6.1 billion USD – up 6.6 percent).
 
Meanwhile, about 20.6 billion USD worth of goods was imported into Vietnam in April, down 2.6 percent month on month but up 17.6 percent year on year, the GSO reported.
 
In the first four months, the country’s import turnover was estimated at 78.05 billion USD, up 10.4 percent from the same period of 2018. That included 32.8 billion USD worth of items imported by domestic businesses and 45.25 billion USD by foreign invested ones, up 14.4 percent and 7.6 percent, respectively.
 
With 22.3 billion USD (up 18.8 percent), China remained the biggest supplier of goods for Vietnam. It was followed by the Republic of Korea (15.5 billion USD – up 3.1 percent), ASEAN (10.8 billion USD – up 9.2 percent), Japan (5.7 billion USD – down 1.4 percent), the EU (4.6 billion USD – up 14.8 percent), and the US (4.2 billion USD – up 14.3 percent).-VNA
 
Read original article here
 
Newer News
26/02 GDP of first quarter to be lower than target: MPI
23/02 Vietnam’s growth outlook to depend on authorities’ response to new outbreak: WB
23/02 HCM City: Korean bank proposes investment study for Metro Line No. 5
19/02 Vietnamese goods reach out to global markets despite pandemic
16/02 Vietnam records impressive export growth in 2020
08/02 Leading exports take advantage of new generation FTAs
05/02 Ministry to boost trade defence measures in line with int’l commitments
03/02 Number of newly-established firms surges 21.9 percent in January
29/01 Maritime administration to inspect shipping rates hike
29/01 Japanese firms plan expansion in Vietnam this year: Navigos Search
Older News
02/05 Tourism stocks likely to heat up during peak season
29/04 Four-month CPI lowest in three years: GSO
27/04 US raises anti-dumping tariffs on Vietnamese tra fish
26/04 FDI reaches record level in four months
26/04 Wellness tourism on the rise in Việt Nam
25/04 CPTPP smooths path to Canadian market for Vietnamese goods
24/04 Global economic integration helps Vietnam expand agri-products markets
23/04 Agro-forestry-fishery exports fetch 12.4 billion USD in four months
22/04 HCM City’s industrial production index hits five-year high
21/04 Fuel price hikes create pressure but CPI under control
 
Newsletter Signup
Top Stories
Number of new securities trading accounts reaches record high
Trade surplus posts record high since 2016
Reference exchange rate up 1 VND on June 5
Reference exchange rate up 6 VND on December 10
Reference exchange rate continue going down
Market Update
Last updated at 3:19:59 PM
VN-INDEX 1,168.69 +0.17/+0.01%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.