Vietnam posts $225 mln trade surplus

By Dat Nguyen   December 3, 2021 | 12:55 am PT
Vietnam posts $225 mln trade surplus
A container ship docks at Tan Cang Cai Mep Terminal in Ba Ria Vung Tau Province in March 2021. Photo by VnExpress/Dang Khoa
Vietnam posted a trade surplus of $225 million in the first 11 months, ending the continual trade deficit of nearly half a year due to Covid-19.

Exports in the period rose 17.5 percent year-on-year to $299.7 billion, according to the Ministry of Industry and Trade.

"Exports are seeing advantages thanks to free trade agreements and rising shopping demand at the end of the year."

The U.S. was the biggest export market, accounting for 28.3 percent of the total, followed by China, at 16.8 percent.

Manufacturing and processing accounted for 86 percent of export value, with the resumption of southern companies after three months of suspension boosting industry recovery.

Textile and garment exports rose 7 percent to nearly $29 billion.

Iron and steel exports exceeded $10 billion for the first time to reach $10.8 billion, up nearly 130 percent year-on-year.

Agriculture and forestry saw exports rising 11.4 percent year-on-year to nearly $25.2 billion.

Total imports rose 27.5 percent to over $299.4 billion in the first 11 months, with a third from China.

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