Trade surplus on track to record level
(VOVWORLD) - Vietnam enjoyed a trade surplus of more than 20 billion USD in the past 11 months as exports to the US and China surged sharply.
Workers manufacture garment products at a factory in the southern province of Long An. (Photo: VnExpress/Quynh Tran)
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According to the General Statistics Office, both heavy industry and light industry products saw increases, with double-digit rises for computers-electronics and machinery-equipment.
Exports to the EU, Southeast Asia, South Korea, and Japan dropped 3-10%. But exports to the US, Vietnam’s largest customer, roseto 70 billion USD, and to China to 43 billion USD.
Vietnam earned a record trade surplus of 9.9 billion USD last year.