Vietnam’s export revenue reaches nearly US$83 billion in four months

Tuesday, 2020-05-05 11:55:02
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During the four-month period, the country enjoyed a trade surplus of US$3.04 billion. (Illustrative image)
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NDO – Vietnam posted total export revenue of US$82.94 billion in the first four months of this year, up 4.7% over the same period in 2019, the Ministry of Industry and Trade announced on May 4.

Of the amount, domestic enterprises reported total export revenue of US$26.45 billion, a year-on-year increase of 12.1%, while the foreign direct investment (FDI) sector posted total export revenue of US$56.49 billion (including crude oil), a year-on-year increase of 1.5%.

During the four-month period, the country enjoyed a trade surplus of US$3.04 billion, much higher than the surplus of US$983 million from the same period in 2019.

While the FDI sector posted a trade surplus of US$10.17 billion, the domestic sector posted a trade deficit of US$7.13 billion.

The US continued to be the largest export market of Vietnam in the first four months of this year with Vietnam’s export revenue to the market reaching US$20.25 billion, up 13.4% over the corresponding period in 2019.

The Chinese market came in second with export revenue of US$13.12 billion, up 26.7% against the same period last year. It was followed by the EU, ASEAN, Japan and the Republic of Korea.