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Vietnam’s trade surplus reaches the $15.5 billion mark by mid-August
Posted on September 9, 2024 |
Vietnam recorded a trade surplus of nearly $15.5 billion, with total trade reaching $473 billion by mid-August, up 17% from last year.
Foreign-invested companies saw a 15.4% increase in trade turnover, reaching $321.04 billion.
Commodity exports have been a major driver of Vietnam's economic growth this year.
Industries like wood, textiles, electronics, and machinery showed strong export growth during this period.
The World Bank highlighted that growth in manufacturing and processing exports helped boost Vietnam's GDP to 6.4% in the first half of the year, compared to 5% in the same period last year.
Strong export performance has been key to sustaining Vietnam's economic growth.