Trade surplus hits $5.49 billion in January-August

The above figure includes $252.6 billion of export turnover, up 18.2 percent from the same period last year.

In the second half of August (August 16-31), trade volume totaled $35.42 billion, up $5.05 billion in comparison with the first half of the month. 

Vietnam’s trade revenue hit $499.71 billion in the first eight months of 2022, representing a year-on-year increase of 15.9 percent, equivalent to $68.69 billion.  

The FDI sector gained $346.32 billion in trade turnover, up 16.2 percent ($48.24 billion) in comparison with the same period last year. 

Meanwhile, the domestic sector reported US$153.38 billion in trade turnover, posting year-on-year growth of 15.4 percent (or $20.45 billion). 

The Ministry of Industry and Trade said it would support enterprises to seek alternative raw materials sources for production in the remaining months when consumption is often high due to big holidays, and optimize FTAs to spur export.

Source: VGP