During the month, the country’s total export-import turnover reached 30.1 billion USD, down 30.5 percent against the previous month. Exports were estimated at 14.6 billion USD, down 33.9 percent; while imports stood at 15.5 billion USD, down 27.1 percent.

Workers at a garment-textile export firm in Vietnam.

In the first two months of this year, the total export-import turnover hit 73.44 billion USD, a year-on-year rise of 6.7 percent.

Of which, exports increased 5.9 percent to 36.68 billion USD and imports rose 7.5 percent to 36.76 billion USD, causing a trade deficit of 84 million USD.

High export growth was seen in machinery, equipment, and components (up 19.3 percent); garment-textiles (up 19 percent); and footwear (up 18.4 percent).

During January-February, the country mainly imported fabrics of all kinds worth 2.1 billion USD (up 16 percent); machinery, equipment, and spare parts worth 5.56 billion USD (up 14.6 percent); and computers, electronic products, and components worth nearly 7.5 billion USD (up 11.4 percent).

Vietnam-Africa trade reaches US$6.6 billion in 2018

Bilateral trade between Vietnam and African nations hit US$6.6 billion in 2018, with Vietnam’s exports worth US$3 billion, up 10% from the previous year.

 

Vietnam records surplus in trade with Canada

According to preliminary data of Statistics Canada, Vietnam’s exports to the North American country rebounded in 2018 to CAD5.35 billion, up 5.2% year on year. Its imports from Canada stayed flat at around CAD1.01 billion.

 

RoK-Vietnam bilateral trade up 7 percent in 11 months

Two-way trade between the Republic of Korea (RoK) and Vietnam increased 7 percent in the first 11 months of this year compared with a year ago, the Korean Ministry of Trade, Industry and Energy announced on December 19. 

 

Trade surplus estimated at 7.21 billion USD this year

The General Department of Vietnam Customs estimates the country’s trade surplus this year at 7.21 billion USD, 5.1 billion USD higher than the figure registered last year.

 

Vietnam, Bulgaria boost trade, investment

The Vietnam-Bulgaria Trade Promotion and Investment Centre has opened in Hanoi recently, improving conditions for Vietnamese businesses to boost investment and exports to Bulgaria as well as accessing other EU markets.

 

Source: VNA