Industrial sector records 9.2 percent expansion in January-April

The industrial production index (IIP) for the first four months of this year increased by an estimated 9.2 percent year on year, according to the General Statistics Office (GSO).

Trade surplus estimated at 711 million USD in four months

In the first four months of 2019, the export revenue was estimated at 78.76 billion USD, up 5.8 percent from a year earlier. The figure consisted of 23.33 billion USD contributed by domestic companies and 55.43 billion USD (including crude oil) by foreign invested firms, respectively rising by 10.5 percent and 4 percent.

Highlights of economy in first four months

Viet Nam’s industrial production in the first four months this year was estimated to increase by 9.2% against the same period of 2018, mainly fuelled by strong growth of manufacturing and processing according to official statistics.

Preliminary assessment of Vietnam international merchandise trade performance in the first quarter of 2019

According to trade statistics of Vietnam Customs, in March 2019, a 53.7% upwards in total external merchandise turnover of Vietnam was recorded on a month-on-month basis. Exports jumped 63.8 %, to USD 22.78 billion and imports remarkably went up 44.2%, to USD 21.15 billion as compared to the result of February 2019. As a result, there was a USD 1.63 billion surplus in Vietnam’s trade balance in this month.

Preliminary assessment of Vietnam international merchandise trade performance in the second half of March, 2019

The Vietnam Customs Statistics announced that in the second half of March, 2019 the total Vietnam’s exports of US dollars 11.75 billion and imports of nearly US dollars 10.68 billion resulted in a trade surplus of US dollars 1.08 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of March was over US dollars 22.43 billion, up by 5.3% as compared to the first half of March-2019. Furthermore, in the first 3 months of 2019, Vietnam was in trade surplus of USD 1.08 billion.

Preliminary assessment of Vietnam international merchandise trade performance in the first half of March, 2019

The Vietnam Customs Statistics announced that in the first half (01-15/3/2019) of March-2019 , Vietnam’s total exports of US dollars 10.95 billion and imports of US dollars 10.34 billion resulted in a trade surplus of nearly US dollars 0.61 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of March was US dollars 21.3 billion, went up by 18.6% as compared to the second half of February-2019.

ASEAN Infographics: A new approach to visualize regional statisticss A new approach to visualize regional statistics

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Preliminary assessment of Vietnam international merchandise trade performance in whole year 2018

 According to trade statistics of Vietnam Customs, in December 2018, a 7.5% downward in total external merchandise turnover of Vietnam was recorded on month-on-month basis. Exports went down 9.7%, to USD 19.64 billion and imports decreased 5.3%, to USD 20.45 billion as compared to the result of November 2018. As a result, there was a USD 811 million deficit in Vietnam’s trade balance in this month.

Highlights of trade between Vietnam and the United States during 2010-2018 and January of 2019

Trade data compiled by General Department of Viet Nam Customs recorded a steady rise in bilateral merchandise trade between Vietnam and the United States of America (USA) during period of 2010-2018 with annual growth rate of nearly 16.4% on average. Moreover, trade-in-goods value between the two countries grew up nearly 3 times, from USD 18.01 billion recorded in 2010 to USD 60.28 billion reported for 2018.

Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2019