Seven out of 25 key export items of Vietnam are estimated to gain over US$1 billion in revenue each in the first eight months of this year, said the Government’s General Statistics Office (GSO).
Among the biggest cash earners, crude oil is still on top with $5.74 billion, up 20.3 per cent on-year. It is followed by garments, $3.93 billion, up 28.2 per cent, footwear, $2.4 billion, up 21.7 per cent, aquatic products, $2.02 billion, up 20.8 per cent, woodwork products, $1.2 billion, up 24.4 per cent, rice, $1.05 billion, down 6.3 per cent and electronic and computer parts, $1.04 billion, up 18 per cent.
In August alone, Vietnam is forecast to earn $3.56 billion from exports, equaling to that of the previous month. The figure will raise the country’s total export value to $25.98 billion in the eight-month span, up 24.3 per cent on-year and fulfilling nearly 69 per cent of the year’s target.
Of the sum, foreign-invested firms fetched $15.03 billion, up 26.9 per cent on-year and accounting for 57.85 per cent of the whole during the time.
In January-August, some farm produce like pepper, coffee and tea are to enjoy the high value growth rates of 43.1 per cent, 33.8 per cent and 31.5 per cent, respectively.
The fast-growing country is estimated to spend $4 billion on imports this month, equivalent to the figure last month, lifting the nation’s total import bill to $28.7 billion in the first eight months of the year, up 17.4 per cent on-year. It, therefore, will incur a trade deficit of $2.72 billion in the eight-month period.
During the reviewed period, Vietnam continues spending the most on the import of machinery and equipment ($4.04 billion, up 18 per cent), fuels ($4.15 billion, up 25 per cent), clothes ($1.96 billion, up 30.1 per cent), steel and iron ($1.88 billion, down 8.7 per cent), garment and textiles accessories ($1.31 billion, down 10.2 per cent), electronic spare parts ($1.26 billion, up18.1 per cent) and plastics ($1.15 billion, up 20.7 per cent).
In 2006, Vietnam is forecast to reach $37.44 billion in exports, up 18.5 per cent on-year and spend $42-43 billion on imports, up 14-16 per cent.
GSO
Vietnamese
