Products including telephones and spare parts, garment and textiles, electronics and computers are expected to bring highest export turnover to the country in 2017, said the Ministry of Industry and Trade.
A Samsung Electronics earphone production line in Vietnam. Telephones and spare part exports are expected to reach 39 billion USD this year, representing a 13 percent year-on-year rise (Photo: VNA
Hanoi (VNA) - Products includingtelephones and spare parts, garment and textiles, electronics and computers areexpected to bring highest export turnover to the country in 2017, said theMinistry of Industry and Trade. Lastyear, Vietnam’s total export turnover was 175.9 billion USD, an increase of 8.6percent over the previous year. Therefore, the ministry has set an exportturnover target of 188 billion USD for 2017, or 6.9 percent higher than lastyear. Theministry said telephones and spare part exports were expected to reach 39billion USD, representing a 13 percent year-on-year rise, and the products withhighest export turnover in 2017. Thegarment and textile products would follow with export turnover of 25 billion USDor 6 percent higher than that of last year. Electronics,computers and spare parts are forecast to achieve export turnover of 22 billionUSD, increasing 19 percent from last year. Theexports of shoes, seafood and fruits would also contribute high exportturnovers of 14 billion USD, 7.5 billion USD, and 3 billion USD respectively. MinisterTran Tuan Anh believes that in 2017, import-export turnover would continue toincrease thanks to the signing of a number of free trade agreements (FTAs) andFDI inflows shifting from other countries to Vietnam. Participation in theASEAN Economic Community would also bring opportunities to the country byexpanding its export markets as well as increasing competitiveness. Statisticsfrom the ministry showed that last year Vietnam exported 25 products, withturnover of more than 1 billion USD each. In2016, the country reported a trade surplus of 2.68 billion USD, accounting for1.52 percent of its total import-export turnover. Vietnam’sexport turnover to its traditional markets including Asia, Europe and the USsaw positive growth last year. The export turnover to the US saw the highestgrowth rate of 13.2 percent, followed by Europe with 11.3 percent and Asia with6.9 percent.-VNA
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A Samsung Electronics earphone production line in Vietnam. Telephones and spare part exports are expected to reach 39 billion USD this year, representing a 13 percent year-on-year rise (Photo: VNA 
