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Trade surplus to hit 1 billion USD this year

Vietnam’s export revenue in 2022 is expected to reach about 368 billion USD, a year-on-year rise of 9.46%, according to a report by the Ministry of Industry and Trade.

The number would surpass the targets set by both the Government and the ministry, at around 8%.

Meanwhile, import value is estimated at 367 billion USD in the year, resulting in a trade surplus of some 1 billion USD, fulling the set target, the report says.

In the first half of this year, export-import value was over 371 billion USD, including more than 186 billion USD worth of exports, up 17.3% from the corresponding time last year.

The export of the domestic economic sector rose 19.5%, higher the 16.6% increase of the foreign direct investment sector, including crude oil, which, the ministry said, reflects efforts by domestic firms in production and business recovery and supply chain resumption amid difficulties.

🐎 Notably, during the six-month period, 29 items reported their export turnover surpassing 1 billion USD, four items more than the same period last year, making up 91% of the total value./.

VNA
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