January 31, 2019 | 18:01 (GMT+7)
Vietnam’s export-import likely to hit record USD 500 bln in 2019
Vietnam’s export-import turnover is likely to hit a record USD 500 billion in the fourth quarter of 2019, up 5 percent from 2018, according to the General Department of Vietnam Customs.
The 2018 figure reached USD 480.17 billion, over USD 52 billion higher than that in 2017. The country’s export-import hit US$100 billion in 2007, USD 200 billion in 2011, USD 300 billion in 2015 and USD 400 billion in 2017.
The local economy openness index was estimated at 196 percent last year. Exports and imports increased by 13.2 percent and 11.1 percent, respectively.
The year 2018 marked the third consecutive year that Vietnam posted a trade surplus.
Statistics by the department showed that as of January 10, 2019, the country’s trade surplus hit an all-time high of nearly USD 6.8 billion, compared to USD 2.11 billion in 2017 and USD 1.78 billion in 2016.
Source: VNA