Trade turnover nears US$500 billion in first nine months
VGP - Viet Nam's trade with the rest of the world reached nearly US$500 billion in nine months through September, according to the General Department of Customs.
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The Southeast Asian nation posted a trade surplus of US$22 billion in the reviewed period, said the custom agency.
In September alone, export and import turnover totalled US$59.16 billion, of which export value dipped 6.3 percent from the previous month to US$30.68 billion.
Top export commodities in September include computers, electronic products and spare parts (US$5.48 billion); mobile and spare parts (US$5.04 billion); machines and equipment (US$4.07 billion); garment and textiles (US$2.57 billion); footwear (US$ 1.34 billion); transport vehicles and spare parts (US$ 1.21 billion) and furniture (US$ 1.14 billion).
The Vietnamese economy expanded 4.24 percent in January-September period compared to the same period last year, improving on the 3.72 percent in the first half of 2023.
Viet Nam’s GDP pace has gained momentum towards the year-end, said Singapore-based bank UOB in its report released earlier this month.
UOB cut its full-year GDP growth forecast for Viet Nam to 5 percent from previous 5.2 percent, the second downward revision.
HSBC predicted that exports and domestic consumption will be the main driving forces to support Viet Nam’s GDP growth in 2024 to reach 6.3 percent./.
