Hanoi, July 29 (SocialNews.XYZ) Vietnam saw a trade surplus of $14.08 billion in the first seven months of this year, the General Statistics Office said on Monday.
The office reported that during the cited period, total import-export turnover of goods hit $439.88 billion, up 17.1 per cent year-on-year, with exports increasing 15.7 per cent and imports surging 18.5 per cent compared to the same period last year, Xinhua news agency reported.
The domestic sector saw a trade deficit of $14.92 billion, and the foreign-invested sector (including crude oil) posted a trade surplus of $29 billion.
China was Vietnam's largest import market for the cited period with a turnover estimated at $79.2 billion, the report said.
The export revenue of Vietnam's industrial processing sector reached $199.94 billion in the seven months, accounting for 88.1 per cent of the total, according to the office.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz