Vietnam records $1.8b trade surplus so far this yearThe country posted a trade surplus of nearly US$1.8 billion in the first seven months of this year, according to the General Statistics Office (GSO). GSO experts attributed the surplus to a rise in export values, while import revenues declined. Of export turnover, foreign-invested businesses generated $68.9 billion, up 6.5 per cent year-on-year, while the remainder of $27.93 billion came from domestic firms, surging 2.5 per cent on-year. The nation's export turnover during the period rose 5.3 per cent year-on-year to $96.83 billion, while its import value saw a modest reduction of 1 per cent to more than $95 billion. Petroleum, animal feed also saw yearly reductions of 17 per cent and 5 per cent, respectively.

Source: VietNamNet News July 28, 2016 03:45 UTC