Saturday, April 13, 2024
Saturday, April 13, 2024
Home » Vietnam’s Foreign Trade Down 13.1 Pct in 8 Months

Vietnam’s Foreign Trade Down 13.1 Pct in 8 Months

by Leilani Sengtavisouk
0 comment 51 views


Vietnam posted an estimated foreign trade value of 435.23 billion U.S. dollars in the first eight months of this year, down 13.1 percent year on year, with a trade surplus of 20.19 billion dollars, according to the latest statistics of the country’s General Statistics Office.

Specifically, the export revenue stood at 227.71 billion dollars, down 10 percent, while the import revenue decreased 16.2 percent year on year to 207.52 billion dollars, the office said.

The United States remained Vietnam’s biggest importer with turnovers of 62.3 billion dollars, and China was its largest exporter with turnovers of 68.1 billion dollars over the period, according to the office.

Favorable conditions such as the existing free trade agreement (FTA) with Vietnam’s major market partners will have a positive impact on trade, investment and exports in the year-end months, online newspaper Cong Thuong (Industry and Trade) reported.

Source: Xinhua

You may also like

Hanoi Observer is a global leader in the online news. We seek to inform and engage with our readers. Staffed 24 hours, seven days a week by a dedicated team around the globe, we deliver news from journalists around the world. We are contrarian truth-seekers and truthtellers. We are journalists united by a mission to inform and engage with our readers.

We bear witness to history as it unfolds and explain not just what happened, why it happened and what it means to our readers and the public.

We are contrarian, we are committed to the news, speaking truth to power.

Hanoi Observer, A Media Company – All Right Reserved.