Update news trade surplus
Vietnam enjoyed a trade surplus of 24.44 billion USD as of November 15 this year, according to data released by the General Statistics Office (GSO).
Vietnam has seen a trade surplus of US$1.68 billion in the year to February 15, with the surplus of the first half of February alone contributing US$1.1 billion, official data showed.
Vietnam reported a trade surplus in 2022, the seventh consecutive year, of $11 billion, nearly three times higher than 2021.
Vietnam’s import-export turnover in December is estimated at 58.82 billion USD, up 2.7% over the previous month, pushing the total in the whole year to 732.5 billion USD, a year on year rise of 9.5%, with a trade surplus of 11.2 billion USD.
The latest report from the General Statistics Office showed that the country's trade surplus reached US$9.4 billion over the past 10 months, compared to modest $630 million in the same period last year, according the (GSO).
Vietnam is on track to see a trade surplus of 10 billion USD this year despite enduring global market uncertainties and fluctuations, Minister of Industry and Trade Nguyen Hong Dien reported at the 15th National Assembly.
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 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 has joined many multilateral and bilateral trade agreements in recent years. The question is what the country receives from these trade relations.
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.