Vietnam import-export turnover hits 400 billion USD

Vietnam's import-export revenue reached 400 billion USD in mid December, a fourfold increase in ten years.

At a ceremony in Hanoi on Tuesday, Deputy Prime Minister Vuong Dinh Hue said the record figure illustrates the right direction of the Party and State in economic development. He suggested: We should pay greater attention to administrative reforms in accordance with the customs sector's development strategy until 2020. E-payment, online public services, and more IT application are necessary to facilitate import-export activities.

Vietnam has enjoyed a trade surplus of 2.5 billion USD and the figure is expected to hit 3 billion USD this year, a significant factor in controlling inflation and stabilizing the macro-economy and exchange rates. The government is likely to achieve, and even surpass all 13 socio-economic targets set for 2017.

Source: VOV5