FDI firms account for 70.3 percent of Vietnam’s export turnover

Foreign direct investment (FDI) sector posted an export turnover of US$117.99 billion as of December 15 this year, increasing 11.5 percent over the same period last year and accounting for 70.3 percent of the country’s number.

Vinamit fruit processing plant Binh Duong province (Photo: SGGP)

According to General Customs Department, the sector’s import turnover saw a year on year increase of 5.4 percent to $97.52 billion, contributing to 59 percent of the country’s value.

Vietnam’s export value neared $167.83 billion, up 8.5 percent equivalent to $13.11 billion against a year back. Import turnover touched $165.23 billion, up 4.3 percent equivalent to $6.85 billion.

Total export import turnover approximated $333.06 billion, a year on year increase of 6.4 percent equivalent to $19.96 billion over the same period last year.

The country saw a trade deficit of $228 million within the first half of this month but enjoyed a trade surplus of $2.59 billion this year.

By T. Tuyet – Translated by Hai Mien

Other news

Most view

Vietnam strives to reduce cash payment proportion to less than 8 percent by 2025 (Source: Vietcombank)

Vietnam strives to reduce cash payment proportion

The Vietnamese Government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.

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.


Economy

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

SGN lists 24million shares on HOSE

 Saigon Ground Services JSC (under code: SGN) will list on the Ho Chi Minh City Stock Exchange (HOSE) 24 million shares for the first time starting on August 1st at a reference price of VND 140,000 per share.