Vietnam recorded a trade value of $439.88 billion in the first seven months of the year, achieving a trade surplus of $14.08 billion, according to data from the General Statistics Office. In July, the trade value was $69.72 billion, marking an 8.7 per cent increase from June and a 21.8 per cent rise year-on-year (YoY).

In July, exports reached $35.92 billion, reflecting a 19.1 per cent increase compared to the same period last year. Imports in July rose by 24.7 per cent to $33.8 billion.

Over the seven-month period, total exports amounted to $226.98 billion, an increase of 15.7 per cent. The domestic sector contributed 27.8 per cent of these exports, while the foreign-invested sector, including crude oil, accounted for 72.2 per cent, as per Vietnamese media reports.

Imports for the same period totalled $212.9 billion, up 18.5 per cent. The domestic sector's import value was $78 billion, up 21.5 per cent, whereas the foreign-invested sector's imports rose by 16.9 per cent to $134.9 billion.

The US emerged as Vietnam's largest importer with a revenue of $66.1 billion. Meanwhile, China remained the largest exporter to Vietnam, with a revenue of $79.2 billion.

Fibre2Fashion News Desk (DP)