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Vietnam's import-export turnover tops US$1,000 billion for the first time

As of 29/10, Vietnam's goods import-export turnover reached about US$1,001.3 billion, surpassing US$1,000 billion for the first time with more than two months left in the year. Exports reached about US$493.6 billion (up 27.2%) and imports US$507.6 billion (up 37.6%), with the FDI sector accounting for about US$778 billion. The top three product groups, namely computers and electronics, phones and components, and machinery and equipment, totaled about US$532 billion, up 49%. October's trade surplus was estimated at US$6.8 billion, the second straight monthly surplus, bringing the 10-month cumulative trade deficit down to about US$12.7 billion. Vietnam ranks 18th globally in exports and 20th in imports, and second in ASEAN behind Singapore in goods trade volume.

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Original headline: Xuất nhập khẩu Việt Nam lần đầu vượt 1.000 tỷ USD

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