Earnings from key product exports fall in January

Vietnam’s trade value was estimated at $29.3 billion in January, down 13 percent from the previous month, according to the General Department of Customs.

Illustrative image (Source: VNA)

Of the figure, export turnover touched $14.6, dropping by 12 percent from December 2016, while import value was $14.7 billion, falling by 14 percent month-on-month.

Key products saw declines in export revenue included phones and components (down 7.1 percent); garments and textiles (down 10.8 percent); and computers, electronic products and spare parts (down 14.1 percent);

Footwear exports also suffered a fall of 10.2 percent, while earnings from machines and spare parts dropped by 12.9 percent.

The highest declines were seen in the export value of aquatic products, and wood and wooden furniture, with decreases of 16.2 percent and 17.3 percent, respectively.

Vietnamnews

Other news

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.