Trade surplus hits over US$1.08 billion in Q1

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Trade surplus hits over US$1.08 billion in Q1According to Vietnam Customs statistics, Vietnam’s trade turnover in the first quarter of 2014 was estimated at US$65.99 billion, up 13.8% compared to last year’s figures.

The trade value in the second half of March reached US$13.15 billion, or 12.8% higher than the first half.

Foreign direct investment (FDI) businesses earned US$39.59 in trade revenue, representing a year-on-year increase of 17.6% and accounting for nearly 60% of the country’s total trade turnover.

In the reviewed period, Vietnam fetched approximately US$33.54 billion from exports, up 14.8% from the previous year. Its imports were valued at more than US$32.45 billion, up 12.8% compared to the same period of 2013.

As a result, the country’s trade surplus reached more than US$1.08 billion, with the FDI sector contributing US$1.88 billion.

(VOV)

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