Vietnam’s trade surplus reached a record high of US$14.46 billion by mid-September, the highest level ever recorded, according to figures released by the General Department of Vietnam Customs. 

Computers are one of the commodity groups that have seen
highest export earnings by mid-September

The first half of September saw the country gross US$12.63 billion from exports, representing a decrease of 15.8% in comparison to the previous 15 days, while also spending over US$11.6 billion on imports, representing an increase of 0.1 % compared to the second half of August. 

Overall, Vietnam raked in US$187.9 billion from exports between the beginning of the year to September 15, while imports reached US$173.5 billion.

Most notably, August witnessed strong export growth in a number of commodity categories such as computers, electronic products and accessories, machinery, equipment, tools and spare part, timber and wood products, phones and components. 

The Ministry of Industry and Trade (MoIT) has stated that the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) has presented a wealth of opportunities for Vietnamese exports. In addition, the EVFTA has helped diversify export markets, as such a number of key export items are able to enjoy a substantial tax reduction, including farm produce, seafood, wood products, garments and textiles, footwear, and electronics.

In an effort to sustain these positive results, the MoIT will continue to provide information relating to its commitments and the new regulations set by importers in order to allow businesses to seize upon relevant opportunities and respond to challenges that may arise during the implementation of the EVFTA, as well as other lucrative FTAs.