Shipments of key products such as telephones and parts, apparel, electronics, computers, equipment and footwear continued to rise in the past 10 months. In stark contrast, a steep decline was seen in the export of crude oil, which fell 25% percent to 1.8 billion USD.
The US remained Vietnam’s largest importer, followed by the EU, China, ASEAN and Japan. Vietnam also reported a trade surplus of 6.4 billion USD in the period from January to October.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement, which will take effect at the end of the year, are expected to make Vietnam more attractive to foreign investors.
