Vietnam sees trade surplus of US$2.67bn in five months

Vietnam recorded a trade surplus of US$2.67 billion in the first five months of the year, according to the General Statistics Office (GSO).

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Total import-export value in the reviewed period hit nearly US$186 billion, of which the FDI sector earned more than US$120 billion.

Notably, the FDI enterprises grossed US$66.34 billion from exports, nearly 17% higher than the same period last year, making up more than 70% of the country’s export turnover.

Up to late May, total import turnover displayed a sharp increase of 15.6% to US$2.95 billion, posting a trade surplus of US$0.34 billion.

FDI businesses spent US$53.81 billion in imports, up 8.6% and accounting for 58.7% of the country’s total import turnover.