Export value of FDI enterprises continues increasing

Vietnam obtained 73.2 percent the 2015 export plan of US$165 billion and foreign direct investment (FDI) enterprises continued leading in export value during the first nine months, reported the Ministry of Industry and Trade yesterday.

Korean Hansae Company in Tay Bac Industrial Park, Cu Chi district, HCMC (Photo: SGGP)

FDI sector’s export turnover excluding crude oil accounted for 68 percent of the country’s total, higher than that compared to nearly 62 percent of the same period last year.

Domestic businesses still met with difficulties and saw export reduction.

Vietnam’s nine month export growth rate reduced to 9.6 percent because of down export prices. It reached 14.6 percent in the same period last year. 

Main export items comprised agricultural, forestry and fishery products and fuel and minerals.

The Import & Export Department under the Ministry of Industry and Trade forecast that exports would be advantageous in the rest of this year partly thanks to good industrial production.

However, there are many things to do to reach the export turnover growth target of 10 percent and keep trade deficit at US$6 billion this year including increasing production, intensifying trade promotion and expanding market.

By Ha My – Translated by Hai Mien

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