Vietnam’s trade surplus hits 5.46 billion USD in first half
Vietnam enjoyed a trade surplus of 5.46 billion USD in the first six months of this year, nearly 1.5 billion USD higher than the estimated 4 billion USD, according to the General Department of Customs.
Hanoi (VNA) - Vietnam enjoyed a trade surplus of 5.46 billion USD in the first six months of this year, nearly 1.5billion USD higher than the estimated 4 billion USD, according to the General Departmentof Customs.
In June alone, the export-import turnover reached 43.26 billion USD, up15.8 percent against the previous month.
The export revenue in the month was valued at22.564 billion USD, up 17.6 percent month-on-month, while the import valuedecreased by 14 percent to over 20.7 billion USD.
Vietnam’s export turnover in the first half hit nearly 122.8 billionUSD, up 0.2 percent, while the country spent about 117.3 billion USD on importsin the period, down 2.9 percent year-on-year.
Vietnam's major exports in the reviewed period include computers, electronicsand components (3.94 billion USD); telephones and components (3.65 billionUSD); textiles (2.6 billion USD); machinery, equipment and spareparts (1.9billion USD) and footwear (1.43 billion USD)./.
Vietnam’s export value is expected to rise in the coming months thanks to China’s increase in imports, strong measures taken by the Vietnamese Government, ministries, agencies, and businesses, and the EU-Vietnam Free Trade Agreement (EVFTA).
Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated 82.9 billion USD in the first four months of this year, according to the General Statistics Office (GSO).
Vietnam now has a “golden opportunity” to reactivate its economy earlier than many other countries, Minister-Chairman of the Government Office Mai Tien Dung said on June 2.
Vietnam’s GDP in the third and fourth quarters will grow better than it did in the first half of the year as the country still has ample space for growth, a press conference in Hanoi on June 29 heard.
The Central Institute for Economic Management (CIEM) said with good results in preventing the pandemic and the chance for economic recovery, Vietnam still needs to be cautious in the second half of the year.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.