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Vietnam’s export tunover surges 7.4 percent in 10 months

Updated: 09:13, 07/11/2019
Vietnam’s export turnover in the last 10 months yearly increased 7.4 percent year-on-year to over 217 billion USD, according to the Ministry of Industry and Trade (MoIT).

Statistics show that 30.7 percent of the export turnover was contributed by the domestic economic sector, and the rest by the foreign-invested sector.

The domestic economic sector’s export turnover reached 66.63 billion USD in the period, up 16.2 percent. Meanwhile, the foreign-invested sector reported an increase of 3.9 percent in export, hitting 150.42 billion USD.

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Illustrative photo.

Tran Thanh Hai, Deputy Director of the Import and Export Department under the MoIT, said the industry and processing sector was the biggest contributor to the nation’s export turnover in the reviewed period. Its export value hit 182.93 billion USD, up 9.4 percent year-on-year, accounting to 84.3 percent of the total export turnover.

The US remained Vietnam’s largest importer, followed by the European Union, China, ASEAN, Japan and the Republic of Korea.

In the period, Vietnam imported goods worth 210.004 billion USD, up 7.4 percent against the same period last year.

The country completed 82.5 percent of the goal of export turnover set for the year.

Notably, Vietnam enjoyed a trade surplus of 7.05 billion USD, higher than the 6.83 billion USD of 2018.

Total export turnover hits over 2 billion USD
(BGO) – According to the Customs Office controlling the industrial parks in the northern province of Bac Giang, Vina Solar Technology Company Limited in Van Trung Industrial Park (Viet Yen district) has exported a batch of solar cell with a total value of nearly 5 million USD.
Garment export turnover hits over 3.2 million USD
(BGO) – The Customs Office controlling the industrial parks in the northern province of Bac Giang has facilitated and completed the clearance procedure for Ha Phong Export Garment Joint Stock Company (Hiep Hoa district) to export the commodities worth over 3.2 million USD. 
Bac Giang’s enterprises hit export turnover value of over 100 million USD
(BGO) – According to Nguyen Thi Thu Huong, Head of Export-Import Department in Bac Giang LGG Garment Corporation (in Lang Giang district, Bac Giang province), the company exported the first batch of the commodity on the first working day February 11 after the Tet festival. 
Fruit, vegetable sector targets US$ 4.2 billion in export turnover in 2019
The fruit and vegetable sector aims to gross nearly US$ 4.2 billion in export turnover this year, according to the Department of Crop Production under the Ministry of Agriculture and Rural Development.

Source: VNA

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