The southern economic hub of Ho Chi Minh City reaped total export turnover of $10.5 billion in the first nine months of this year, up 16.4 per cent on-year, said the municipal Statistics Department.
The figure accounts for 36.2 per cent of the country’s total export turnover during the time.
Crude oil remained the biggest cash earner that made up 62 per cent of the city’s export earnings. Other goods and services fetched US$4.02 billion, an on-year rise of 13.3 per cent.
During the nine-month span, three staples namely garments and textiles, footwear and seafood continued to rise despite facing strong competition on the global market.
The garment and textile industry in particular faced severe competition from Chinese goods. However, it still managed to reap US$688 million from exports, up 12.1 per cent on-year.
Footwear exports reached US$182.3 million during the time, a slight on-year increase of 5.6 per cent due to an anti-dumping tax in the EU market.
The city earned $153.2 million from seafood exports, up 6.6 per cent on-year.
Regarding farm produce, Ho Chi Minh City shipped abroad 1.7 million tons of rice in the reviewed period, earning $335.3 million, down 0.6 per cent in volume, but a 0.1 per cent increase in value.
The export value of dairy products reduced sharply by 19.2 per cent on-year to $68.8 million during the period.
The department, however, has not yet revealed the city’s import spending during the time.
Ho Chi Minh City has set a target of earning $15.27 billion from exports this year, up 23 per cent over 2005, making up 39.7 per cent of the country’s total estimated export revenue this year.
Vietnam & World Economy
Vietnamese
