HCMC – Vietnam recorded a trade surplus of US$23.31 billion from January to October this year, the General Statistics Office reported.
The country’s exports amounted to US$335.6 billion and its import bill reached US$312.28 billion on imports.
While this trade surplus remains significant, it falls short of the US$24.8 billion trade surplus in the same period last year. The US$647.87 billion trade of Vietnam in the first 10 months marked a 15.8% year-over-year increase.
The foreign direct investment (FDI) sector played a prominent role, contributing US$241.6 billion, or 72% of total export turnover, while domestic enterprises contributed nearly US$94 billion, representing 28% of exports.
Thirty-one export categories each exceeded US$1 billion, with seven surpassing US$10 billion each. Processed and manufactured goods led Vietnam’s exports, accounting for 88% of the value at US$295.2 billion. Agriculture, forestry, and fishery products made up 8.5%, fuels 2.4%, and minerals 1.1%.
The U.S. remained Vietnam’s largest export market, purchasing goods worth US$98.4 billion, resulting in an US$86.1 billion trade surplus. China was the top supplier, with Vietnam’s imports from the market totaling US$117.7 billion.
October saw a slight increase in the consumer price index (CPI) by 0.33% from the previous month. The year-on-year CPI rose 2.89%, with an average increase of 3.78% over the first ten months. Core inflation stood at 2.69%.
