Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Telecoms  >> VN sees trade surplus for third year
NEW UPDATES Asean Affairs  30 December 2014  

VN sees trade surplus for third year
Viet Nam recorded a trade surplus of roughly US$2 billion in 2014, the General Statistics Office (GSO) reported last Saturday.

This is the third consecutive year that the country saw a surplus, after recording surpluses of $280 million in 2012 and more than $860 million in 2013.
This year, overall export revenues hit $150.42 billion, up 13.6 per cent over last year, while total import values reached $148.58 billion, a year-on-year increase of 12.1 per cent.

According to the GSO, foreign direct investment (FDI) enterprises contributed to the majority of revenues of Viet Nam's key export products. They accounted for 99.6 per cent of $24.83 billion in telephone and component exports, 59.4 per cent of $20.77 billion in garment and textile exports, and 77 per cent of $10.22 billion in footwear exports.

They also represented 89.7 per cent of machinery and equipment exports, which totaled $7.26 billion, and 98.8 per cent of computer and electronic exports, which amounted to $11.66 billion.

In 2014, the structure of exports saw significant changes that benefited the country's goods. The exports of light industrial goods increased 15.9 per cent to nearly $60 billion, farming and forestry products rose by 11.4 per cent to 17.80 billion, while aquatic products were up 17.6 per cent to nearly $8 billion.

Materials for production made up 91.2 per cent of total import values, reaching $135 billion, or a year-on-year increase of 12.5 per cent. Of these, the values of machinery and equipment were $55.60 billion (up 10.1 per cent), petroleum products were $7.62 billion (up 9.3 per cent), and chemical substances were $3.22 billion (up 14.6 per cent).

Further, material imports served production for exports by the FDI sector more than that of domestic enterprises. These imports amounted to $84.57 billion for foreign companies, compared with $63.49 billion for local firms.

The GSO noted that Viet Nam witnessed an increasing deficit in trade with China, while China remained the largest exporter to Viet Nam this year. The deficit for 2014 was $28.90 billion, a rise of 21.8 per cent from the figure recorded in 2013.

Viet Nam's imports from China reached $43.70 billion, up 18.2 per cent year-on-year, while its exports to this market were only $14.8 billion, although crude oil exports increased 76.9 per cent and textile fibre exports rose 40.3 per cent there.

The GSO noted that as the contents of domestically made materials and components in export goods remained low, the three-year high trade surplus of $2 billion resulted in insignificant benefits to the Vietnamese economy.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            December  30, 2014 Subsribe Now !
• PM confident 2015 economy will improve Subcribe: Asean Affairs Global Magazine
• VN sees trade surplus for third year
• Temple set to undergo $4 million restoration
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Despite improvement, ‘more can be done to boost transport system’
• Search-and-locate operations for missing AirAsia QZ8501 resume
Asean Analysis                    December  23, 2014

• Asean Analysis December 23, 2014
Advertise Your Brand

Asean Stock Watch    December  29,  2014
• Asean Stock Watch-December 29 , 2014
The Biweekly Update
• The Biweekly Update  November 28, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand