Vietnam, an emerging economy in Asia, is anticipated to bag US$39.5 billion from goods exports this year, an on-year rise of 22 per cent, said the Ministry of Trade (MoT) at a recent conference.
The expected figure will surpass the year’s target of US$37.44 billion, said the ministry.
In the first eleven months of this year, Vietnam is forecast to earn US$36.27 billion from exports, up 23.7 per cent on-year.
Most export staples report on-year increases in values. Crude oil still remains the biggest cash earner with a total export volume of 15.11 million tons valued at $7.75 billion in the January-November period, down 7.7 per cent and up 14.5 per cent on-year, respectively.
It is followed by garments and textiles with $5.41 billion, up 25.1 per cent; footwear, $3.2 billion, up 19.3 per cent; seafood, $3.1 billion, up 24.6 per cent; woodwork products, $1.74 billion, up 26.7 per cent; electronic and computer parts, $1.61 billion, up 22.7 per cent; rice with 4.61 million tons worth $1.27 billion, down 9.4 per cent and 7.1 per cent; and rubber with 659,000 tons worth $1.21 billion, up 29.2 per cent and 76.5 per cent on-year.
Since early this year, the country’s shipments have grown sharply. Exports to Oceania have reported the highest growth rate of 52 per cent, followed by Europe, 33.7 per cent, America, 33.3 per cent, Asia, 15.3 per cent. Meanwhile, the country has reported on-year decrease in shipments to Africa of 6.4 per cent.
Trade Online
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