(Photo: VNA)Hanoi (VNA) – The goal of 600 billion USD in foreign trade is likely to be realised by the end of the year because by October 15, the national import-export turnover had exceeded 510 billion USD, according to Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT). The country’s import-export turnover hit more than 26 billion USD in the first half of October, including 13.16 billion USD from exports. Four groups of commodities with an export turnover of 1 billion USD upwards were phones and components; computers, electronic products and components; machinery and equipment; and garments. Vietnam earned 254 billion USD from exports and spent 256.45 billion USD on imports, resulting in a trade deficit of 2.45 billion USD by October 15. With the current trade growth rate, the import-export turnover for the whole year is expected to exceed 600 billion USD, it said.

Source: Viet Nam News October 23, 2021 16:59 UTC