Vietnam's budget revenue from import-export up 9.3% YoY in Jan-Oct

The Vietnamese government’s budget revenue from import and export in the first ten months this year reached 379.8 trillion VND (~$14.4 billion), its Department of Customs recently announced.

The total trade was 92.4 per cent of the annual estimate and 80.8 per cent of the targeted goal, marking a 9.3-per cent increase year on year (YoY).

Total import-export turnover during the period was worth $762.5 billion—up by 17.4 per cent (or $112.74 billion) YoY—resulting in a trade surplus of $19.6 billion.

However, illegal transit and re-export activities involving counterfeit products continue, particularly at the border points with China, Laos and Cambodia, a domestic news agency reported.