General statistics office

Hanoi (VNA) – Vietnam posted a trade surplus of 20.1 billion USD in the first 11 months of this year, the highest on record, despite the adverse impacts of the COVID-19 pandemic on the global economy, according to the General Statistics Office (GSO). In a report announced on November 29, the office said the country’s total export-import revenue in the reviewed period was estimated at 489.1 billion USD, a year-on-year rise of 3.5 percent, of which export value reached 254.6 billion USD, up 5.3 percent, and import, 234.5 billion USD, up 1.5 percent. In November alone, export turnover stood at 24.8 billion USD, a drop of 9 percent from the previous month, but up 8.8 percent as compared with the same period last year. Between January and November, the domestic economic sector generated some 73 billion USD in export revenue, up 1.6 percent, making up 28.7 percent of the total. Meanwhile, the foreign-invested sector, including crude oil, recorded 181.6 billion USD, up 6.9 … [Read more...] about Trade surplus swells to record high in 11 months amidst COVID-19

Hanoi (VNA) - Vietnam maintained its upwards trend in exports at a time when COVID-19 has ravaged international trade, with year-on-year growth of 4.2 percent posted in the first nine months of 2020, according to the General Statistics Office (GSO). At a press conference in Hanoi on September 29, GSO General Director Nguyen Thi Huong said total trade revenue reached 388.73 billion USD between January and September, up 1.8 percent year-on-year. Exports were estimated at 202.86 billion USD, up 4.2 percent. The domestic sector remained a driver of export growth, as it earned 71.8 billion USD from shipments, up 20.2 percent and accounting for 35.4 percent of total exports. Meanwhile, the foreign-invested sector raked in 131 billion USD, including crude oil sales, down 2.9 percent and making up 64.6 percent of the total. Thirty commodities posted export revenue of more than 1 billion USD, accounting for 91.3 percent of total exports. Five saw over 10 billion USD in turnover each, … [Read more...] about Exports still up in first nine months despite pandemic: GSO

Hanoi (VNA) – The Consumer Price Index (CPI) edged down 0.01 percent month-on-month in November on the back of weakening global fuel prices and declining electricity and water prices in the country, according to the General Statistics Office (GSO). The November CPI was 0.08 percent higher than the figure in December 2019 and 1.48 percent higher than that in the same month last year. The CPI in the first 11 months of 2020 was up 2.43 percent year on year. Among 11 groups of products and services in the CPI basket, decreases were seen in three groups, namely transport; post and telecommunications services; and cultural, entertainment and tourism services. The biggest contraction was recorded in the price of transport, 0.47 percent, largely owing to the fact that the average fuel price in November dropped 1.32 percent from the previous month. The price of post and telecom services fell 0.17 percent month-on-month because of a variety of deals offered by mobile service suppliers … [Read more...] about November CPI edges down 0.01 percent from previous month