Vietnam Reports $1.36 Billion Trade Surplus in Q1 as Imports Fall

Tuan Minh

15:39 14/04/2016

BizLIVE - Vietnam posted a trade surplus of $623.82 million in March, enlarging the surplus to $1.36 billion in the first three months of this year.

Vietnam Reports $1.36 Billion Trade Surplus in Q1 as Imports Fall

Vietnam posted a trade surplus of $1.36 billion in the first three months of this year. (Photo: Internet)

Vietnam had a trade surplus of $1.36 billion in the first quarter of this year, compared to a trade gap of $2.6 billion in the same period of 2015, according to the General Department of Vietnam Customs.
The country raked in $38.77 billion from export in the three-month period, up 6.6% year-on-year, while spending $37.4 billion on imports, down 4%.
Exports of foreign-invested enterprises increased 10.8% year-on-year to $27.28 billion in the period, accounting for 70.4% of the country’s total figure. Their imports declined 4.5% to $22.49 billion.
Foreign firms enjoyed a trade surplus of $4.8 billion between January and March while domestic ones posted a trade gap of $3.43 billion.

TUAN MINH

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