Three continents with tens billions of dollars of import-export turnover of Vietnam

	Vietnam enjoys growing trade surplus of over US$6.8 billion
	Target of 500 billion USD in import-export turnover obtainable
	First quarter: Import-export turnover of FDI enterprisesis over 74 billion USD

Import and export turnover between Vietnam and continents by the end of September, the unit "billion USD". Chart: T. Binh

America reached the highest growth

According to the General Department of Vietnam Customs, by the end of September, Vietnam's merchandise trade with the America reached U$70.72 billion, up 21.9 percent compared to 2018, the continent reached the highest growth.

Vietnam's export turnover to this continent reached $54.02 billion, increasing by 25.9 percent compared to 2018, accounting for 27.8 percent of the country's total export turnover.

Import turnover from the America reached $16.7 billion, increasing by 10.6 percent and 8.9 percent of the whole country’s total import turnover.

Notably, in the America, the US is the dominant market. Currently, this is also the largest goods export market.

In the past nine months, exports to the US reached $44.65 billion, up 27.6 percent percent compared to 2018 and accounted for 22.9 percent of the total export turnover of the country. If only the America market, export turnover to the US accounted for nearly 83 percent of Vietnam's total exports to the continent.

Meanwhile, in the first nine months of the year, the import turnover from the US into Vietnam was $10.69 billion, an increase of 12 percent compared to 2018.

Vietnam's import and export turnover of goods to Asia continues to account for the highest proportion (65.3 percent) of the country's total import-export turnover.

Import-export value in the past nine months between Vietnam and Asia reached $249.71 billion, up 6.4 percent compared to 2018, of which export value was $99.33 billion, up 3.3 percent and the import value was $150.38 billion, up 8.5 percent.

In Asia, the largest trading partners are China, South Korea, Japan and ASEAN.

The import and export value with China reached nearly $84 billion (export value of $28.25 billion, import value of $55.43 billion).

The import and export value with the Korean market reached $50 billion (export value of $14.8 billion and import value of $35.5 billion).

The import and export value with the Japanese market reached nearly $29 billion (export value of $14.99 billion and import value of $14.18 billion).

The total import and export turnover Vietnam and the ASEAN region in the first nine months was $43 billion. Of which, export turnover was $19.18 billion and import turnover was $23.77 billion.

Import-export turnover between Vietnam and other continents respectively: Europe reached $49.19 billion, up 3.6 percent compared to 2018; Oceania reached $7.16 billion, up 5.7 percent and Africa reached $5.38 billion, down 2.7 percent.

The import and export structure in the first months has shown Vietnam had a big deficit with its Asian partners, trade surplus with the America and many other markets.

FDI enterprises still predominate

Although domestic enterprises are making a lot of breakthroughs, in fact, Vietnam's total import-export turnover still depends on FDI enterprises. Especially major export commodity groups such as phones; computers, electronic products and components.

According to the General Department of Vietnam Customs, only in September, total import-export turnover of FDI enterprises reached $29.22 billion. Thereby, raising total turnover in the first nine months to $242.28 billion, up 5.1 percent, equivalent to an increase of $11.8 billion compared to 2018, accounting for 63.4 percent of total import-export turnover of the country.

Export turnover of FDI enterprises in the first nine months reached $133.42 billion, up 5.3 percent compared to 2018, accounting for more than 68.5 percent.

The import value of FDI enterprises reached $108.85 billion, up 4.9 percent compared to 2018, accounting for 58 percent of the country's total import turnover.

In the first nine months of 2019, the trade surplus reached $24.57 billion.