Vietnam posts trade surplus of US$150 million in April

Vietnam logged a trade surplus for the first time in 2015 as exports outstripped imports by US$150 million in April, according to the General Department of Customs (GDC).

Photo for Illustration (Photo: Thai Thien).

Latest figures show the export value in April was largely the same as the previous month at US$13.35 billion, while imports fell 10.4% against March to US$13.2 billion.

Stronger exports in April helped reduce the trade gap in the first four months of the year to around US$2.07 billion, down nearly US$1 billion compared with an earlier estimate by the General Statistics Office.

According to the GDC, exports during the January-April period were US$49.69 billion, up 6.9% over the same period last year while imports rose 16.6% to US$51.77 billion.

A breakdown shows exports from foreign enterprises rose 16.3% in the four months ending in April to US$33.63 billion, accounting for two thirds of Vietnam’s total exports.

Its imports also made up 60.4% of Vietnam’s foreign purchases, reaching US$31.28 billion, a year-on-year rise of 23.1%.

In April alone, foreign enterprises exported goods worth US$9.08 billion and brought in US$7.71 billion of goods.

(Source: nhandan.org.vn)