Vietnam posts trade surplus of 14.08 bln USD in 7 months

HANOI, July 29 (Xinhua) — Vietnam saw a trade surplus of 14.08 billion U.S. dollars in the first seven months of this year, the General Statistics Office said on Monday.
The office reported that during the cited period, total import-export turnover of goods hit 439.88 billion dollars, up 17.1 percent year on year, with exports increasing 15.7 percent and imports surging 18.5 percent compared to the same period last year.
The domestic sector saw a trade deficit of 14.92 billion dollars, and the foreign-invested sector (including crude oil) posted a trade surplus of 29 billion dollars.
China was Vietnam’s largest import market for the cited period with a turnover estimated at 79.2 billion dollars, the report said.
The export revenue of Vietnam’s industrial processing sector reached 199.94 billion dollars in the seven months, accounting for 88.1 percent of the total, according to the office. ■