Sat, 05 Dec 2020

Vietnam's export up 4.7 pct in 10 months

30 Oct 2020, 15:44 GMT+10

HANOI, Oct. 30 (Xinhua) -- Vietnam's export and import turnovers in the first 10 months of 2020 increased by 4.7 percent and 0.4 percent year-on-year respectively, according to the country's General Statistics Office on Friday.

Export revenues totaled nearly 229.3 billion U.S. dollars and import turnovers reached 210.5 billion U.S. dollars during the period, said the office, noting that the country posted a record trade surplus of more than 18.7 billion U.S. dollars in the 10-month period.

Between January and October, the United States remained Vietnam's biggest importer with turnovers of 62.3 billion U.S. dollars, followed by China with 37.6 billion U.S. dollars and the European Union with 28.9 billion U.S. dollars, according to the office.

Meanwhile, China was Vietnam's largest exporter with turnovers of 65.8 billion U.S. dollars, followed by South Korea with 37.4 billion U.S. dollars, and the Association of Southeast Asian Nations (ASEAN) with 24.4 billion U.S. dollars, the office said.

In 2019, Vietnam's total trade turnover reached nearly 517 billion U.S. dollars with an export turnover of approximately 263.5 billion U.S. dollars, up 8.1 percent against 2018. The country posted a trade surplus of more than 9.9 billion U.S. dollars, the highest level in the past four years.

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