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IMPORT-EXPORT TURNOVER HIT USD 500 BILLION
05/01/2020 - 09:47

IMPORT-EXPORT TURNOVER HIT USD 500 BILLION

And following will the economic and consumption information. In 2019, Vietnam marks an important milestone in the import-export activities as the total import-export turnover has for the first time exceeded USD 500 billion.

In 2001, the total import-export values of the country only fetched USD 30 billion. 6 years later (in 2007), this figure hit USD 100 billion after Vietnam became the official member of WTO. As the end of 2019, the import-export values of the country have for the first time reached USD 500 billion – the ever-highest record. In which, the export turnover is valued around USD 262 billion, import turnover is estimated at more than USD 248 billion, trade surplus is recorded at roughly USD 11 billion. This important milestone is resulted from the stern direction of the government, the close collaboration among the ministries, sectors, localities and enterprises. This is also the outcome of the enhancement of production and business activities, good-quality services meeting the requirements of the export markets./.

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