FDI sector posts trave value of $205 bln in 5M

The FDI sector registered a total trade value of $205.44 billion in the first five months of 2024, a year-on-year rise of 13.7%, figures from the General Department of Vietnam Customs showed.

Of which, export revenue was estimated at $111.93 billion, surging 13.1% year-on-year and accounting for 71.6% of the country’s total export value.

Meanwhile, import turnover reached $93.51 billion, up 14.5% compared to the same period last year and accounting for 63.4% of the country’s total import value.

With a contribution from FDI sector in terms of trade value, Vietnam's total trade value in the first five months reached $303.94 billion, up 16% year-on-year. Of which, export turnover totaled $156.28 billion, a year-on-year surge of 14.9%.