Vietnam Trade Surplus Exceeds $3.3b

Vietnam recorded a trade surplus of over $3.3 billion from January to October 2016 with foreign direct investment companies continuing to outweigh domestic firms in export revenue, according to the General Department of Vietnam Customs on Friday, VNA reported. Vietnam’s total trade turnover exceeded $284.5 billion during the period, including $143.9 billion in exports, a year-on-year increase of about 7%. In October alone, the country raked in more than $15.4 billion from overseas shipments, down 0.1% from the previous month, nearly $11 billion of which was earned from export activities of FDI enterprises, up 0.3% from September.