Vietnam achieves trade surplus of $1.36 bln in Q1

By N.T.Tam, Thanh Nien News

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A seafood factory in Vietnam. Photo: Ngoc Thang A seafood factory in Vietnam. Photo: Ngoc Thang


Vietnam ended the first quarter with a trade surplus of US$1.36 billion, as exports grew and imports declined year on year, figures released Thursday by customs show.
Exports were estimated at $38.77 billion, up 6.6 percent from the same period last year, while imports declined 4 percent to $37.4 billion.
Foreign-invested businesses continued to dominate, accounting for 70.4 percent of exports and 60.1 percent of imports.
Computers, electronics and telephones were the biggest exports.
There had been a trade deficit of $3.54 billion last year after three straight years of surpluses.
For the last few months the balance has kept toing and froing between deficit and surplus.

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