The domestic sector contributed US$55.6 billion, accounting for 26.2% of the total and representing a year-on-year increase of 10.5%. The foreign-invested sector (including crude oil) made up 73.8% of the total, or US$156.8 billion, up 25.5%.

Garment production for export to the US at Tien Thuan Garment Co., Ltd. in the south central province of Ninh Thuan.

During the period, 30 export items recorded revenue of over US$1 billion each and together they accounted for 91.8% of the total shipments.

The group of industrial processing goods reeled in a largest share of total export earnings, with nearly US$189.3 billion, up 22.5% year on year. Meanwhile, agricultural and forestry products brought home US$15.4 billion (up 14.9%) and of aquatic products US$5.58 billion, up 7.1%.

The US remained the biggest export market of Vietnam from January-August, buying US$62 billion of Vietnamese goods, a year-on-year rise of 32.5%. China came second with US$32.7 billion, up 19.8%. The EU and ASEAN followed with US$26 billion and US$18.4 billion, increasing by 14.5% and 23.3%, respectively.

Meanwhile, the country spent US$216 billion on imports in the eight-month period, an annual growth of 33.8%, with China being the biggest source of imports.

The country posted a trade deficit of US$3.71 billion during the period.

Avocado will be the most exported fruit in 2030

Global production and consumption of avocados are in constant increase, and avocados will become the most exported fruit in the next 10 years.

Son La exports 10 tonnes of red-flesh dragon fruit to Russia

The northern mountainous province of Son La held a ceremony in Thuan Chau district on August 20 to export 10 tonnes of red-flesh dragon fruit to Russia.

Nine prestigious exporters in Bac Giang announced

(BGO) – The Ministry of Industry and Trade (MoIT) has announced 315 domestic businesses recognized as prestigious exporters in 2020, nine of which are from Bac Giang province.

Vietnam’s timber exports record strong growth in first seven months

Vietnam’s exports of timber and timber products in the first seven months of 2021 were estimated at US$9.58 billion, up 55% over the same period in 2020, according to the General Department of Customs.

Export of computers and electronic products expected to hit US$50 billion in 2021

The export of computers, components and electronic products for the whole of 2021 is anticipated to reach about US$50 billion, up 13.5% compared to 2020 despite the impacts of the Covid-19 pandemic worldwide.

Source: NDO/VNA