Friday, November 22, 2024 11:28:41 AM - Markets open
VN-INDEX 1,231.67 +3.34/+0.27%
HNX-INDEX 221.93 +0.17/+0.08%
UPCOM-INDEX 91.18 -0.32/-0.35%
VN posts trade surplus of US$23.31 billion in 10 months
vietnamnews - 11/7/2024 4:20:12 PM
 (0 ratings. You must sign in to rate.)
The cumulative trade value for the first 10 months of the year soared by 15.8 per cent annually to $647.87 billion.
 

Rice is Việt Nam's key currency earner. — VNA/VNS Photo
 
Vietnam posted a trade surplus of US$23.31 billion during January-October, reported the Ministry of Planning and Investment’s General Statistics Office (GSO).
 
October alone witnessed a significant surge in trade activity, with the total value of foreign trade reaching $69.19 billion. This marks a substantial 5.1 per cent increase from the previous month and a 11.8 per cent year-on-year growth.
 
The cumulative trade value for the first 10 months of the year soared by 15.8 per cent annually to $647.87 billion.
 
Vietnam's export revenue during this period stood at $335.59 billion, reflecting a 14.9 per cent increase year on year. The domestic economic sector contributed $93.97 billion, accounting for 28 per cent of the total. Meanwhile, the foreign-invested sector, including crude oil, generated $241.62 billion, up 12.8 per cent and constituting 72 per cent of the total.
 
Notably, 31 export products each surpassed $1 billion in value, collectively accounting for 92.6 per cent of the total. Among them, seven standout items exceeded $10 billion, contributing a substantial 66.5 per cent to the overall value.
 
Imports also saw an uptick, rising by 16.8 per cent annually to $312.28 billion. The domestic economic sector’s spending went up 18.8 per cent to $113.58 billion while the foreign-invested sector recorded $198.7 billion, a 15.8 per cent increase.
 
A total of 42 import products surpassed the $1 billion threshold, making up 92.1 per cent of the total, with four exceeding $10 billion, representing 48.3 per cent.
 
The US remained Việt Nam's largest export market with an export turnover of $98.4 billion. On the import front, China continued to be Vietnam's top supplier with an import turnover totaling $117.7 billion. — VNA/VNS
 
 
Read original article here
Newer News
10:25 Vietnam resolved to boost digital economy with national action plan
10:14 General Department of Customs warns of tax evasion schemes in steel imports
21/11 VN must diversify its textile export markets
21/11 Shrimp exports surge in 10 months, generating US$3.2 billion
21/11 Vietnam aims to increase rice market share in Africa
20/11 Trade growth between Vietnam and Americas promoted by FTAs
20/11 Enterprises urged to tap potential to expand official exports to EU
19/11 Solutions discussed to ensure coal supply for electricity generation in 2025
19/11 Workshop seeks ways to attract Japan’s green investment to Vietnam
19/11 VN-UK trade continues to grow
Older News
07/11 LEGO Group nears completion of Vietnam factory, begins test run
07/11 E-commerce opens more doors for Vietnamese enterprises in EU: expert
07/11 Water, waste treatment expos return to HCM City
07/11 Nearly 300 exhibitors join in Vietfood & Beverage - Propack Vietnam 2024
07/11 Da Nang airport, international terminal operator to merge online channels
07/11 EIMA 2024 underway with focus on green agriculture
07/11 CPI rises by 0.33 per cent in October
06/11 Domestic exporters urged to shield against trade remedy threats
06/11 Vietnam makes bold step to improve business climate: VCCI report
06/11 Industrial production index rises 8.3 per cent in ten months
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 11:25:00 AM
VN-INDEX 1,231.67 +3.34/+0.27%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
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.