Trade surplus reaches 3.4 billion USD

Vietnam enjoyed a trade surplus of 1.7 billion USD in August, which brought the trade surplus for the January-August period to 3.4 billion USD, according to the General Statistics Office (GSO).

In the 8-month period, export value was estimated at nearly 170 billion USD, up 7.3 percent on a yearly basis. In the period, the US was Vietnam's biggest export market, buying nearly 39 billion USD worth of Vietnamese goods, up 25 percent. The US was followed by the EU with approximately 28 billion USD, down 0.5 percent. China was third with 24 billion USD, down 2.5 percent. ASEAN was fourth with 17 billion USD, up 3.6 percent. Economists say exports in the final months of this year will continue to rise, as Free Trade Agreements (FTAs) take effect.

Source: VOV5