Last updated: Monday, April 24, 2017
Vietnam Sees Three More Exports Each Exceed US$1 Billion in RevenuePosted: Wednesday, March 08, 2017
Three more Vietnamese exports saw their revenues surpass US$1 billion after the first two months of 2017, according to data released by the Ministry of Industry and Trade.
They include machinery, transport vehicles and timber products which generated a combined revenue of US$3.986 billion, raising Vietnam’s total export revenues to US$27.3 billion in the January-February period.
Of the US$27.3 billion, domestic enterprises contributed US$7.6 billion, up 12.2 per cent while the foreign sector brought in US$19.7 billion (including oil revenues), up 16.8 per cent over the same period last year.
The above-mentioned goods complement a list of US$1 billion-plus exports which includes mobile phones, garments, footwear items and electronic products whose aggregate revenues hit US$13.6 billion in the first two months of 2017.
Mobile phones were the top-performing export, bringing in approximately US$4.83 billion, a year-on-year increase of 2.6 per cent, while the garment industry came second with US$3.657 billion, up 12.2 per cent.
According to the Vietnam Textile and Apparel Association, the sector’s export revenues in the first quarter of the year are usually boosted by large orders.
In the first two months of January and February, revenues of electronic exports rose 34.4 per cent to hit US$3.1 billion while footwear products also earned more than US$2 billion, up 10.7 per cent year on year.