Trade surplus reached a record high, officially reached 8.23 ​​billion USD

August 17, 2020

Last July, the country’s trade surplus reached 2.77 billion USD, and trade surplus from the beginning of the year to the end of July reached 8.23 ​​billion USD. This is a record high surplus.
Specifically, the export and import turnover in July reached 46.96 billion USD, up 8.5% compared to July 2020. Generally, from the beginning of the year to the end of July, the country exported USD 147.6 billion, up 1.5% over the same period in 2019; Import turnover of the whole country reached 129.21 billion USD, down 3% over the same period in 2019.

The commodity groups with the highest export value are: telephones and accessories; Computers, electronic products and components; Machinery, equipment, tools and spare parts; textile; Footwear…

Super high-end official training requires 823 billion USD
Trade surplus reached a record high, officially reached 8.23 ​​billion USD. (Illustration)
Worth mentioning, in July, the export value of mobile phones and components increased again, surpassing the group of computers, electronic products and components to become the group of products with export value. Vietnam’s highest import turnover. The reason is that in the past month, Samsung launched a new smartphone model Galaxy Note20 and officially went on sale globally this month.

From the beginning of the year until now, the raging Covid-19 epidemic has caused many difficulties for import and export activities of the whole country. Therefore, the trade surplus is considered a bright spot for the whole economy.

According to economic experts, the trade surplus also brings about many positive effects on macroeconomics. Stable foreign exchange reserves have contributed to stabilizing exchange rates, creating market confidence for businesses to continue to invest in production expansion.

Facing difficulties caused by the epidemic, in order to facilitate export activities, the Ministry of Industry and Trade is implementing many solutions such as: promoting trade promotion through e-commerce; propaganda about the upcoming FTAs; continue to cut unnecessary import and export procedures; requesting Vietnamese Trade Offices in foreign countries to seek new markets for Vietnamese goods… From there, reaching the target, the export turnover will reach 300 billion USD in 2020./.
Vietnam Economic Newspaper

    Hỗ trợ giải đáp

    Leave a Reply

    Your email address will not be published. Required fields are marked *