trade surplus

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After two years of enforcement, the EU - Vietnam Free Trade Agreement (EVFTA) has generated initial results, but rising inflation in the EU and the euro depreciation are affecting Vietnamese firms, requiring urgent solutions to those difficulties.

Vietnam racks up trade surplus of US$1.7 billion

Vietnam's import and export value had reached US$633 billion by mid-December, with the country posting a trade surplus of approximately US$1.7 billion, according to statistics given by the General Department of Vietnam Customs.

Efforts made to protect interests of Vietnamese products in EU market

Vietnam has taken various measures in a bid to protect the interest of Vietnamese products and exporters in the EU markets, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).

Vietnam likely to attain trade surplus in 2021

Vietnam is in a favorable condition to take advantage of free trade agreements (FTA) that the country is a part of, as well as growing global demand in the late-year shopping season.

China benefits the most from Vietnam’s trade surplus

Vietnam has joined many multilateral and bilateral trade agreements in recent years. The question is what the country receives from these trade relations.

Vietnam’s trade deficit with China hits US$35.2 billion in 2020

China remained the largest supplier of goods to Vietnam in 2020 as Vietnam ran a trade deficit of US$35.2 billion with the neighboring country last year, up 3.7% against 2019, according to the Ministry of Industry and Trade.

Trade surplus posts record high since 2016

Vietnam is estimated to enjoy a trade surplus of $19.1 billion this year – the highest since 2016.

Increasing import: a positive sign

The growth of import slower than that of export helped Vietnam clinch a trade surplus of over US$20 billion in the first 11 months of 2020.

Increasing import: a positive sign

The growth of import slower than that of export helped Vietnam clinch a trade surplus of over US$20 billion in the first 11 months of 2020.

First make sure you know what you want

Vietnam is emerging as one of the top picks for international investors in their strategy for diversifying production facilities. 

The drivers for record high trade surplus

Few people can realize that Vietnam has achieved a record high trade surplus amid the Covid-10 pandemic.

Trade surplus reaches $7.2 billion

Vietnam’s total import-export turnover for agricultural, forestry and fishery products in January-September was estimated at nearly US$52.8 billion, making for a trade surplus of $7.2 billion,

The secrets of trade surplus records

By now, it can be concluded that albeit unable to reach the set goal, Vietnam’s export this year has yielded encouraging results.

Vietnam’s exports surge 4.7 percent in four months

Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated $82.9 billion in the first four months of this year, according to the General Statistics Office (GSO).

Little promise in outlook for Vietnam's Q2 exports to US, EU

The COVID-19 pandemic has already made it quite difficult for Vietnamese goods to enter the US and EU markets and the outlook for the second quarter is also gloomy, according to Cong Thuong (Industry & Trade) newspaper.

Vietnam enjoys trade surplus of $2.8 billion in first quarter

Vietnam ran a trade surplus of $2.8 billion in the first quarter of this year, higher than 1.5 billion USD recorded in the same period last year, despite the growing COVID-19 pandemic in the country’s major export markets.

Vietnam gains higher exports to Canada, Mexico partly due to CPTPP

Vietnam has taken full advantage of the CPTPP to gain strong growth in exports to Canada and Mexico, according to the Ministry of Industry and Trade (MoIT).

The path to $500 billion import/export turnover

Just within five years, from 2015 to 2019, Vietnam’s import/export turnover reached $2.106 trillion, which was higher than the total import/export turnover of the 15 years before.

Vietnam garment companies had tough year in 2019

After two years of hot development, Vietnam’s textile and garment industry could not fulfill the target of exporting $40 billion worth of products in 2019.

What will happen if Vietnam reduces tariffs on American farm imports?

The US has proposed to reduce the import tax on some of its agricultural products, including chicken, some fruits, wheat, potato, pork and dairy products.