Vietnam Enjoys Trade Surplus of 2.59 Billion USD as of Mid-December

Hanoi, Vietnam's trade surplus hit over 2.59 billion US dollars as of mid-December 2016, the latest data released by Vietnam Customs on Thursday.

Since the beginning of this year to mid-December, the country's total import-export revenue reached nearly 333.06 billion US dollars, up 6.4% year-on-year, according to China's (Xinhua) News Agency.

As of the end of Dec. 15, the country earned some 167.83 billion US dollars from exports, up 8.5% year-on-year. Among which, the foreign direct investment (FDI) sector had export revenue of over 117.99 billion dollars, up 11.5% year-on-year, accounting for 70.3% of the national total export revenue.

The year 2016 registers the second consecutive year that Vietnam has failed to hit the set target of export growth of 10% due to difficulties in exports of agro-forestry-fishery, plunge in oil price as well as in exports of cell phones and electronic products, local Bao Dau Tu (Vietnam Investment Review) online newspaper quoted analysts as saying on Thursday.

The situation is unlikely to be improved in the coming year, so the export growth target was set at 6-7% for 2017 by the country's National Assembly, reported Bao Dau Tu.

Source: Qatar News Agency