Vietnam records trade surplus of US$100 million in August

Vietnam is set to post a trade surplus of US$100 million in August after a US$49 million deficit in July, according to a preliminary estimate by the General Statistics Office (GSO).

Exports in August were estimated at US$13 billion, up 0.7% from the previous month, while imports declined by 0.5% to US$12.9 million.

During the January-August period, total exports were US$97 billion and imports were US$95.3 billion, leaving the year-to-date trade surplus at US$1.7 billion.

A breakdown of economic sectors showed that the foreign-invested enterprise sector posted a trade surplus of US$11.8 billion, while imports by State-owned enterprises outstripped their exports by US$10.1 billion.

In July, Vietnam’s exports brought in US$12.92 billion, US$49 million less than the import value in the same month.

(Source: nhandan.org.vn)