According to General Department of Vietnam Customs, in May alone, the revenue collection of the Customs sector hit VND 34,751 billion.

Although facing complex situation of Covid-19 pandemic, import – export
activities still maintained a high rate of turnover in May. Photo: T. Binh.

With the results achieved in May, accumulated in the first five months of the year, the whole sector's revenue collection reached VND 158.693 billion, 50.3% of the current appropriation, reaching 47.94% of the striving target, up 27.65% from the same period in 2020.

Wishing to achieve trade surplus again

Regarding import and export activities, in May, the total value was estimated at $53.5 billion, down 1.5% compared to the prior month.

With the above estimation results, in the first five months of the year, total import-export value of the country is expected to reach $261.75 billion, a sharp increase of 33.2% from the same period in 2020.

Vietnam's merchandise trade balance in May is estimated to have suffered a deficit of $1.5 billion. Thus, in five months, the country is expected to achieve a trade surplus of $131 million.

The FDI business sector in May had a total value of $36.9 billion, down by 1.2% compared to the previous month. In particular, exports is $19.1 billion, decreasing by 1.8% compared to the previous month and imports is $17.8 billion, reducing by 0.5%.

In the first five months of the year, the FDI sector had an estimated import-export value of $182.82 billion, accounting for 69.8% of the country's total import-export value and increasing by 38.2% from the same period last year.

The total export value of this business sector was estimated at $97.41 billion, rising by 37% compared to the same period in 2020 and the import value is estimated at $85.41 billion, increasing by 39.7%.

In terms of export activities of the country, the total value in May is estimated at $26 billion, down 2.1% compared to the previous month.

Export items that experienced notable fluctuations are crude oil with an estimation of $144 million, up by 45.9% over the previous month. However, in the first five months, it is only estimated at 1.28 million tonnes, valued at $631 million, down by 39.1% in volume and 8.9% in value over the same period last year.

Wood and wood products are estimated at $1.4 billion, up by 0.1% compared to the previous month and accumulated by the end of May is estimated at some $6.6 billion, rising by 61.3%.

Footwear is estimated at $1.95 billion, up 13.4% over the previous month and estimated at $8.5 billion in five months, growing by 26.4%.

Textile and garment are estimated at $2.5 billion, climbing by 3.7% compared to the previous month and in the 5 months in general it is estimated at $12.2 billion, an increase of 15%.

Seafood is estimated at $750 million, equivalent to the value of last month and $3.2 billion in five months, rising by 12%.

Phones of all kinds and components are estimated at $3.7 billion, down by 3% from the previous month and it is estimated at $21.9 billion in the five months, growing by 19.6%.

Computers, electronic products and components are estimated at $3.7 billion, down by 5% compared to the previous month and estimated at $19.5 billion in five months, up by 26.05%.

Imported cars are estimated at 15,000 vehicles

In terms of imports, it is estimated at $27.5 billion, down by 1% compared to previous month and estimated at $130.81 billion, up 35.8% over the same period in 2020.

Commodity groups that witnessed notable fluctuations including petroleum with an estimate of 800,000 tonnes, up by 9.1% over the previous month and valued at $450 million, rising by 14.9%. The first five months of the year are estimated at 3.6 million tonnes, worth $1.9 billion, rising by 12.2% in volume and 41.5% in value over the same period last year.

Computers, electronic products and components are estimated at $5.2 billion in this month, dropping by 8.5% from the previous month and are estimated at $27.43 billion in five months with an increase of 24.7%.

Machinery, equipment, tools and spare parts are estimated at $3.9 billion, reducing by 0.6% from the previous month and estimated at $18.65 billion in five months, swelling by 35.9%.

Phones of all kinds and components are estimated at $1.3 billion, down by 3.2% compared to the previous month, it is estimated at $7.46 billion in the five months, growing by 51.3%.

Fabrics of all kinds is estimated at $1.6 billion, increasing by 13.3% from the previous month and estimated at $6 billion in five months, gaining by 33%.

Iron and steel of all kinds is estimated at 1 million tonnes, declining by 25.8% and worth $0.9 billion, dropping by 16.1% compared to the prior month. However, in five months, it still increased with about 6.02 million tonnes, up by 9.2% and is valued at $4.65 billion, an increase of 37.9%.

CBU cars of all kinds are estimated at 15,000 units, valued at $341 million, increasing by 0.8% in volume and 10.1% in value over the previous month.

It is estimated that by the end of May, imported CBU cars are estimated at 65,000 units, worth $1.46 billion, up by 76.5% in volume and 78.3% in value over the same period last year.