The total import and export value of foreign direct investment (FDI) enterprises in January saw a surge of 60.1% to US$39.16 billion, equivalent to an increase of US$14.69 billion, according to figures compiled by the General Department of Vietnam Customs. 

The country’s import and export value throughout January soared by 48.2% to US$55 billion, equal to an annual rise of US$17.88 billion.

In relation to the figure, total Vietnamese exports increased sharply to US$28.55 billion, while imports also soared by 41.3% to US$26.46 billion against the same period from last year, with the country recording a trade surplus of US$2.09 billion.

Most notably, the total import and export value of the local FDI sector rose by 60.1% to US$39.16 billion, while the domestic sector’s imports and exports increased by 25.2% to US$15.85 billion on-year.

The export value of FDI enterprises also skyrocketed by 70% to US$21.57 billion compared to the previous year, therefore accounting for 75.5% of the country’s total export value. In addition, its import value rose by 49.4% to US$17.59 billion, making up 66.5% of the country’s total import value.