FIEs in Vietnam Post $1.593B Trade Surplus in Jan-Jul: GSO
Vietnam’s General Statistics Office estimates foreign-invested enterprises (FIEs) reported a trade surplus of $1.593 billion in the first seven months of this year.
Excluding crude oil exports, FIEs incurred a $1.72 billion trade deficit during the period, the GSO said on a statement released on August 26.
The firms reaped $23.964 billion from exported goods between Jan and Aug, up 26.6% on-year and imported $22.371 billion, up 43.6%.
In August, FIEs’ export and import values stood at $3.2 billion and $2.9 billion, respectively.
The soaring imports of FIEs were partly attributed to Vietnam’s widening trade deficit at $8.16 billion in the seven-month period, representing 18.33% of the country’s total export value, local economists said. (GSO)
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