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Vietnam reports trade surplus of US$13.99 billion in Jan-Aug

The Saigon Times

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HCMC – Vietnam posted a trade surplus of US$13.99 billion between January and August, down 25.7% year-on-year, according to the General Department of Vietnam Customs.

Total trade value in the January-August period rose 16.3% from a year earlier to US$597.93 billion. Exports rose 14.8% to US$305.96 billion, while imports climbed 17.9% to US$291.97 billion.

In August alone, trade edged up 0.9% month-on-month to US$83.06 billion. Exports were up 2.6% to US$43.39 billion, while imports slipped 0.8% to US$39.67 billion, leaving a monthly surplus of US$3.72 billion.

Revenue from trade activities contributed VND35.5 trillion to the state budget in August, down 10.2% from July. Budget revenue in the first eight months rose 8.4% year-on-year to VND298.3 trillion, or 72.6% of the full-year target.

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