Of the figure, the total export value is anticipated to record an increase of 4.7% to US$229.27 billion, while imports rose by 0.4% to US$210.55 billion during the reviewed period. Indeed, the trade surplus is expected to be US$18.72 billion, far higher than last year’s level of US$9.3 billion
The General Department of Vietnam Customs points out that exports to major markets have experienced vigorous growth, with exports to the US during the course of the ten-month period soaring by 24% to US$62.34 billion, equivalent to an annual increase of US$12 billion.
Furthermore, Vietnamese exports to China also saw a rise of 14% to US$37.6 billion, equal to an increase of US$4.6 billion on-year, while imports from the northern neighbour picked up by 6.2% to US$65.78 billion in comparison with last year’s corresponding period.