Export Value Rises by US$22 Bln

11:14:56 AM | 6/10/2022

In the first five months, Vietnam's export value maintained a double-digit growth, up nearly US$22 billion over the same period last year. According to the latest information from the General Department of Vietnam Customs, the export value of Vietnam's merchandise in the second half of May was US$18.02 billion, up 40.9% or US$ 5.23 billion over the first half of May.

Computers, electronic products and components posted an increase of US$1.23 billion or a growth of 68%. Machinery, equipment, tools and parts expanded by US$628 million or 42.2%. Textiles and garments were added by US$493 million, or 37.5%. Telephones and components grew by US$425 million, or 22.9%. Footwear rose by US$384 million or 44.4%.

Vietnam's export value totaled US$153.3 billion in the first five months of 2022, up 16.7% or an increase of US$21.9 billion over the same period in 2021.

According to the General Department, foreign direct investment (FDI) companies raked in nearly US$13.2 billion of export value in the second half of May, up 42.7% or an increase of US$3.94 billion over the first half of May.

The FDI sector earned US$112 million from exports from January to May, up 15% year on year or US$14.6 billion. This sector made up 73.1% of the country’s total exports.

By Le Hien, Vietnam Business Forum