Vietnam raked in some 58.51 billion USD from its exports in the firstfive months of this year, a year-on-year hike of 15.4 percent, makingthis year’s export target feasible, said Phan Van Chinh, Director of theImport-Export Department under the Ministry of Industry and Trade onJune 2.

Domestic firms brought home 19.05 billion USD fromtheir exports, while 36.39 billion USD was contributed byforeign-invested enterprises, a surge of 18.6 percent from the sameperiod last year.

In May alone, the export turnover rose by 3.5percent from the same month last year to 12 billion USD. The proportionof fossil fuels and minerals in the total exports reduced, whileindustrially-processed and agro-aquatic exports climbed. This trend isclosely aligned to the national export strategy.

Notably,two-way trade between Vietnam and China soared in the reviewed period.Vietnamese products shipped to the market totalled about 6.1 billion USDin value, or 10.5 percent of the total export figure, while the countryspent around 16.1 billion USD purchasing imports from China.

In addition to boosting exports to its traditional markets, includingASEAN, the EU, Japan and the US, Vietnam continues to diversify itsexports and is maintaining effort in seeking new importers in Africa andthe Middle East, said Deputy Minister Do Thang Hai.

This week,the ministry will discuss measures to further boost agro-aquaticexports through expanding markets for these products and reduce thefluctuation in prices for farmers.-VNA