Vietnam’s trade surplus fell 16% to $19.56 billion year-on-year in the first 10 months, official data shows.
The domestic sector reported a trade deficit of $22.83 billion, while the foreign-invested sector (including crude oil) maintained a surplus of $42.39 billion, the National Statistics Office (NSO) under the Ministry of Finance reported on Thursday.
Vietnam’s total foreign trade value reached $762.44 billion in the first ten months.
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Lach Huyen Terminal in Hai Phong City, November 2024. Photo by VnExpress/Le Tan |
In October alone, exports were estimated at $42.05 billion down 1.5% from September but up 17.5% year-on-year. Cumulatively, exports during the January–October period hit $391 billion, a 16.2% increase year-on-year. Of this, the domestic sector contributed $94.17 billion (24.1% of the total), while the foreign-invested one (including crude oil) reached $296.83 billion (75.9%), up 22.5%.
NSO data showed that 36 commodities recorded an export turnover exceeding $1 billion, accounting for 94.1% of total overseas shipments. Seven of these surpassed $10 billion each, making up 67.9%.
