April export turnover slightly increases

Vietnam’s export turnover slightly increased in April against March, reported the Ministry of Industry and Trade at a regular meeting on Monday.
The export turnover of some farm produce was up in volume and value because the harvest season has started. Similar condition was recorded for paper, rattan and bamboo made products, fabric and footwear items.
Garment and textile, cell phones and computer components saw the turnover down or lower than normal.
In the first four months, the export turnover posted a growth rate of 8.2 percent, lower than the same period last year and the expectation for 10 percent. That is attributed to a drastic fall in the volume of some agricultural and seafood products that have not entered harvest time, and in export prices of fuel and minerals.
In April, Vietnam posted a trade deficit of US$600 million, taking the total to US$3 billion for the first four months.
Domestic businesses saw a shortfall of US$5.7 billion while foreign firms enjoyed a trade surplus of US$2.7 billion.
Industrial production grew four percent in the first four months against a year ago. The processing industry’s up consumption and down inventory level have boosted production, the ministry reported.

By Ha My – Translated by Hai Mien

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