Therefore, the trade surplus in the month was $2.03 billion, according to Vietnam Customs statistics.
Vietnam saw a 5.2-per cent month-on-month (MoM) rise in its foreign merchandise trade turnover in October; exports rose by 4.6 per cent MoM to $35.64 billion and imports by 5.8 per cent MoM to $33.60 billion.
For textiles-garments, it was up by $233 million MoM.
Exports were up by $43.59 billion YoY to $335.63 billion in October; textiles-garments exports rose by 10.5 per cent to $30.57 billion.
The foreign trade value of textiles and garments was up by $233 million MoM in October this year.
On a year-on-year (YoY) basis, exports were up by $43.59 billion to $335.63 billion in the month. Exports of textiles and garments went up by $2.90 billion, or 10.5 per cent, YoY in the month to $30.57 billion.
In the first ten months this year, the country’s trade-in-goods totaled $647.91 billion in value terms—15.8 per cent higher year on year (YoY); exports value went up by 14.9 per cent YoY to $335.63 billion and imports value rose by 16.8 per cent YoY to $312.28 billion.
So the trade surplus in the ten months was $23.35 billion.
The total trade value of companies with foreign direct investment (FDI) reached $46.19 billion in October—down by 1.9 per cent MoM; exports were worth $25.26 billion and imports were worth $20.92 billion leading to a trade surplus of $4.34 billion.
Between January and October, trade in goods by FDI companies totaled $438.83 billion—up by 14.2 per cent YoY; exports were worth $240.13 billion—a rise of 12.9 per cent YoY, while imports were worth 198.70 billion—up by 15.8 per cent YoY. As a result, the trade surplus of such companies was $41.43 billion during the ten-month period, an official release said.
The biggest countries importing textiles and garments from Vietnam during the period were the United States (up by 10.7 per cent YoY to $13.30 billion), the European Union (up by 10.2 per cent YoY to $3.54 billion), Japan (up by 7 per cent YoY to $3.55 billion) and South Korea (up by 2.6 per cent YoY to $2.73 billion).
Fibre2Fashion News Desk (DS)