Illustrative image (Source: VNA) Hanoi (VNA) - Vietnam’s export turnover hit 200.27 billionUSD in the first 10 months of 2018, up 14.2 percent against the same periodlast year, according to the General Statistics Office (GSO).
Export revenueof the domestic economic sector rose 16.8 percent, reaching 56.82 billion USD,while that of the foreign direct investment (FDI) sector expanded 13.2 percentto 143.45 billion USD, up 13.2 percent, accounting for 71.6 percent of totalturnover.
Many keyexports gained high growth, with mobile phones andspare parts reaching 40.7 billion USD, garments and textiles 25.2 billion USDand computer and electronic spare parts 24.3 billion USD, year-on-year rises of10.6 percent, 17.1 percent and 15.2 percent, respectively.
Growth was alsoseen in the earnings from farming products, including fruits and vegetables (up14.4 percent to 3.3 billion USD), coffee (1.1 percent to 3 billion USD) andrice (up 16.1 percent to 2.6 billion USD).
However, crude oil exports in the period fellin both value and volume compared to the same period last year, reaching only 1.8billion USD, down 24.8 percent in value and 45.4 percent in volume.
The US remained the largest importer of Vietnamesegood in the period. Vietnam’s exports to this market totaled 39 billion USD, a 12.8percent year-on-year rise.
It was followed by the EU, China, ASEAN, Japan and the Republic of Korea, with respectiverevenues of 34.9 billion USD, 32.1 billion USD, 20.6 billion USD, 15.3 billionUSD and 15 billion USD.
Meanwhile, thecountry’s import value rose 11.8 percent year-on-year to 193.84 billion USD. Ofwhich, the domestic sector accounted for 77.5 billion USD, up 12 percent whilethe FDI sector spent 116.34 billion USD, up 11.7 percent.
Vietnam’s trade surplus in the first 10 monthsstood at 6.4 billion USD.
The GSO warned that the trade war between the US and China could affect thecountry’s import and export activities, so measures are needed to minimisethese impacts.-VNA.
Export revenueof the domestic economic sector rose 16.8 percent, reaching 56.82 billion USD,while that of the foreign direct investment (FDI) sector expanded 13.2 percentto 143.45 billion USD, up 13.2 percent, accounting for 71.6 percent of totalturnover.
Many keyexports gained high growth, with mobile phones andspare parts reaching 40.7 billion USD, garments and textiles 25.2 billion USDand computer and electronic spare parts 24.3 billion USD, year-on-year rises of10.6 percent, 17.1 percent and 15.2 percent, respectively.
Growth was alsoseen in the earnings from farming products, including fruits and vegetables (up14.4 percent to 3.3 billion USD), coffee (1.1 percent to 3 billion USD) andrice (up 16.1 percent to 2.6 billion USD).
However, crude oil exports in the period fellin both value and volume compared to the same period last year, reaching only 1.8billion USD, down 24.8 percent in value and 45.4 percent in volume.
The US remained the largest importer of Vietnamesegood in the period. Vietnam’s exports to this market totaled 39 billion USD, a 12.8percent year-on-year rise.
It was followed by the EU, China, ASEAN, Japan and the Republic of Korea, with respectiverevenues of 34.9 billion USD, 32.1 billion USD, 20.6 billion USD, 15.3 billionUSD and 15 billion USD.
Meanwhile, thecountry’s import value rose 11.8 percent year-on-year to 193.84 billion USD. Ofwhich, the domestic sector accounted for 77.5 billion USD, up 12 percent whilethe FDI sector spent 116.34 billion USD, up 11.7 percent.
Vietnam’s trade surplus in the first 10 monthsstood at 6.4 billion USD.
The GSO warned that the trade war between the US and China could affect thecountry’s import and export activities, so measures are needed to minimisethese impacts.-VNA.
VNA
