Industrial Exports to Surpass US$26.6Bln in 2005
Vietnam’s export turnover from industrial products is forecast to surpass US$26.6 billion this year although exports of two key products including garments, textiles and footwear may not reach the set target, according to the Ministry of Industry (MoI).
The ministry said in the past eleven months, almost all the industrial staples (excluding bicycles and bike parts) saw a high growth in export value such as crude oil (30.3 per cent), electronic components and computers (36.4 per cent), woodwork (41 per cent), plastics (38 per cent), electric wires and cables (31.9 per cent) and coal (82.4 per cent).
According to the MoI, despite negative impacts from the EC anti-dumping lawsuit, local footwear enterprises have made efforts in seeking and expanding export markets to obtain eleven-month export revenues of US$2.63 billion, an increase of 10.3 per cent against the same period last year.
For garment and textile products, the ministry said it is difficult to fulfill the target of US$880 of export value in December. Also, the industry will find it hard to reach export revenues of US$5.2 billion this year.
The industrial sector was reported to gain production value of VND42.17 trillion (US$2.66 billion) in November, up 18.8 per cent on-month, raising the total figure in the first eleven months of this year to VND371.78 trillion (US$23.53 billion), an on-year increase of 17 per cent.
In the eleven-month period, Vietnam was estimated to post total export turnover of US$29.12 billion, an on-year increase of 21.5 per cent.
Vietnam & World Economy
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