Vietnam reports record trade surplus in five years
Hanoi, Sep 23 (Prensa Latina) Vietnam's trade surplus until mid-September totaled 14.5 billion dollars, the highest sum over the last five years, the General Customs Department reported on Wednesday.
Despite the ebbs and flows of the international market due to the Covid-19 pandemic, Vietnam's exports amounted to 188 billion dollars until September 15.
The groups of products that most contributed to that result in a favorable trade balance were telephones and components, electronic products, computers and components, and garments, which brought revenues of more than 20 billion dollars.
The United States, China, the European Union, South Korea and Japan were Vietnam's major importers in that order.
In 2019, Vietnam's trade surplus was 9.9 billion dollars, the highest sum in the four-year period that concluded that year (1.6 billion dollars in 2016, 1.9 billion in 2017, and 6.8 billion in 2018).
Along with foreign investments and tourism, exports are among Vietnam's major sources of hard currencies.
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