FDI enterprises see trade surplus of over US$10 billion

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Production garment for export at Peony Co., Ltd - Singapore's FDI enterprise (VSIP Bac Ninh Industrial Park). Photo: T.Binh.

According to the latest preliminary statistics of the General Department of Vietnam Customs (GDVC), between January and May 15, the total trade in goods of FDI enterprises saw a year-on-year increase of 14.3% to US$187.3 billion.

Meanwhile, the import and export of domestic enterprises rose 17.8% compared with the same period of the previous year to US$83.26 billion.

According to the GDVC’s statistics, the export turnover of FDI enterprises in the first half of May 2022 decreased by 30.1%, or US$3.97 billion, to US$9.24 billion compared with the second half of April.

As of May 15, the total export turnover of these enterprises grew 13.3% or US$11.63 billion to US$98.8 billion compared with a year ago, accounting for 73.1% of the total export turnover of the whole country.

The import turnover of FDI enterprises in the first half of May fell 3.3% to US$9.77 billion compared with the second half of April.

As of May 15, the total import turnover of these enterprises rose 15.4% to 88.5% year-on-year, accounting for 65.4% of the total turnover of the whole country.

Between January to May 15, FDI enterprises saw a trade surplus of US$10.3 billion