Vietnam posts back-to-back monthly trade surpluses
Vietnam posted a trade surplus of US$7.31 billion in October, following its first this year in September, as trade turnover in the first 10 months rose to a record high.
Vietnam has posted consecutive monthly trade surpluses, with total import-export turnover reaching $122.03 billion in October, up 3.7% from the previous month and 47.4% year-on-year. Exports increased by 8.7% month-on-month and 51.4% year-on-year to $64.67 billion, while imports rose by 1.4% month-on-month but expanded by 43.1% year-on-year to $57.36 billion.
Over the first ten months of the year, Vietnam's trade turnover hit $1.01 trillion, surpassing the $1-trillion mark for the first time, with exports growing 27.5% and imports rising 37.4%, resulting in a trade deficit of $12.07 billion. The Ministry of Industry and Trade plans to accelerate exports, diversify markets, and improve compliance capacity, focusing on leveraging free trade agreements, expanding into new markets, and strengthening early warnings of trade defense cases.
Brief written by urgent.news from VnExpress Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
