JavaScript is off. Please enable to view full site.

Vietnam 2023 trade surplus seen tripling to $30 billion

Vietnam 2023 trade surplus seen tripling to $30 billion

Thursday, December 21, 2023, 09:45 GMT+7
Vietnam 2023 trade surplus seen tripling to $30 billion
Vietnam's exports in 2023 are expected to be worth US$354.5 billion, down 4.6 per cent annually. Photo: Reuters

Vietnam is expected to record a trade surplus of US$30 billion this year, three times higher than that recorded last year, the Ministry of Industry and Trade said on Wednesday.

Exports in 2023 are expected to be worth US$354.5 billion, down 4.6 per cent annually, the ministry said in a report, adding that this year’s retail sails are expected to rise 9.6 per cent on the year.

This would be the eighth straight year Vietnam has recorded a trade surplus, the ministry said, adding that it has helped the country strengthen its foreign exchange reserves and stabilise its foreign exchange rate.

It attributed the fall in annual exports to weak global demand.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Reuters

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Latest news