return icon Vietnamnet.vn

Vietnam enjoys trade surplus of US$710 million in H1/2022

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29.
Vietnam enjoys trade surplus of 710 million USD in six months hinh anh 1


According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 billion USD, a rise of 17.3% over the same period last year.

In the period, the domestic economic sector suffered trade deficit of 15.97 billion USD, while the foreign-invested sector saw trade surplus of 16.68 billion USD.

In June, import-export turnover is estimated at 32.65 billion USD, up 5.6% over the previous month.

In the second quarter of 2022, export revenue reached 96.8 billion USD, a rise of 21% year on year and 8.7% over the previous quarter.

In the January-June period, 28 products recorded export revenue of over 1 billion USD, and five earning revenue exceeding 10 billion USD.

The GSO reported that the country imported about 32.37 billion USD worth of products in June, pushing the total imports in the first half of 2022 to about 185.23 billion USD, an increase of 15.5% year on year.

The US remained the largest export market of Vietnam so far this year buying about 55.9 billion USD worth of products. China is the biggest source of Vietnam's imports with 61.3 billion USD.

In the first six months of 2022, Vietnam saw a 39% rise in trade surplus with the EU to about 15.5 billion USD. Meanwhile, the country suffered trade deficit of 35 billion USD with China, up 21.7%.

In order to promote exports in the time to come, the Ministry of Industry and Trade advised local exporters to apply measures to avoid risks during export activities, while optimising advantages from 15 free trade agreements that Vietnam has signed with partners to diversify export markets.

Source: VNA

MORE NEWS

U.S. recommends adding birthplace info to Vietnam’s new passport

The U.S. is still reviewing Vietnam’s new passport and has asked visa applicants to submit their birthplace information.

VIETNAM NEWS HEADLINES AUGUST 13

Vietnam logs 1,815 new coronavirus cases on August 13

VIETNAM BUSINESS NEWS AUGUST 13

Vietnamese firm reaches first partnership deal to develop eSports in Cambodia

Power shortage worries increase hunger for coal

Vietnam is maximising its coal mining output amid widespread power outages in the north.

Indicators ripe for wave of tech startup successes

Venture capital investment flows into Vietnam, particularly from Singapore, are on track to surpass the previous level, propelled by the country’s buoyant tech startup scene.

Tourism industry faces serious labor shortage

Because of low pay, many workers have left the tourism sector.

Industrial parks, economic zones absorb US$ 230 billion in foreign direct investment

Industrial parks (IPs) and economic zones (EZs) across the country have attracted nearly 11,000 foreign direct investment projects worth US$230 billion, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Property, fishery sectors face hardship as credit chokes

At a government-to-business conference held yesterday, representatives of business associations expressed their concern over being unable to access bank loans as banks are running out of credit growth quotas.

Utilising every opportunity to grow and overcome challenges

That is the message and guideline of Minister of Planning and Investment Nguyen Chi Dung at the national conference on how to sustainably develop.

Outbound tours to Europe rocked by passport tangle

A number of Vietnamese outbound travel companies have already been affected by the decision of some European nations to not recognise Vietnam’s new passports.

Huynh Nguyen Mai Phuong becomes Miss World Vietnam 2022

Huynh Nguyen Mai Phuong was crowned Miss World Vietnam 2022 after surpassing 36 competitors at the finale held at MerryLand Quy Nhon in the south-central province of Binh Dinh on August 12.

Young people discover the universe via telescopes

Many young people have been spending time and money to buy telescopes and build rooftop observatories to admire the wonders of the universe.

Ample room remains for Vietnam’s exports to EU

There is still a lot of room for Vietnamese goods to expand their presence in the European Union (EU) market, but accessing its retail distribution systems is extremely important, heard a seminar in Ho Chi Minh City on August 11.

Vietnam yet rolls out Covid jabs for under-5s

Vietnam has yet planned to get younger kids aged under five vaccinated against COVID-19, according to the Ministry of Health (MoH).
back_to_top