Domestic Enterprises' Exported Products Increase 3.9 Pct
Vietnam recorded an export revenue of more than US$67.7 billion in the first five months of 2016, a 6.6 per cent increase compared to the same period last year, according to the Ministry of Industry and Trade.
Domestic enterprises exported US$19.44 billion worth of products - 3.9 per cent more than in the same period last year - while foreign direct investment (FDI) enterprises exported US$48.3 billion in products, 7.7 per cent more than in the same period of last year.
Meanwhile, imports were estimated at over US$66.3 billion, a year-on-year decrease of 0.9 per cent.
Domestic enterprises imported products worth US$27.2 billion, up 0.7 per cent compared to the same period last year, while FDI enterprises imported products worth US$39.1 billion, down 1.9 per cent.
China was the country’s largest import market in the first five months, accounting for US$19.2.4 billion in imports, a 2.9 per cent decline compared to the same period last year.
Other significant import markets include ASEAN with US$9.4 billion, down 4.2 per cent; Japan, US$5.7 billion, down 6.4 per cent; the European Union with US$3.8 billion in imports, down 3.7 per cent from that of last year; the US with US$3.2 billion, a 4.4 per cent rise; and the Republic of Korea with US$12.1 billion, up 6.4 per cent.
Key export products saw an increase in export value in the first five months. These included agro-forestry-fisheries with a growth of 10.1 per cent to US$818 million; telephones and components, up 20.6 per cent to US$14.4 billion; garments and textiles, up by 6.1 per cent to US$8.6 billion; and electronics, computers and components, up by 5,4 per cent to US$6.3 billion.
NDO
Vietnamese
