Export turnover on year-on-year increase

According to the Ministry of Industry and Trade, export turnover in the first four months of this year reached US$39.46 billion, an increase of nearly 17 percent as against the same period last year.

Workers produce business suits for export at Nha Be Garment Company in HCMC (Photo: SGGP)

At a press conference on May 6, the Ministry said that of the above figure, exports from foreign direct investment companies, excluding crude oil, were up 25 percent to hit $23 billion.

In April, export turnover was estimated at $9.7 billion, a reduction of 12 percent over March and an increase of nine percent over the same period last year.

The slow growth in export turnover in April is due to a fall in export value of agro-aqua-forestry products. Vietnamese rice price has been the lowest in the world recently, with the current prices being lower than that of Thailand and India.

Import turnover in April was recorded at $10.7 billion, a reduction of 7.6 percent over March but an increase of nearly 19 percent over the same period last year.

The import turnover touched $40.19 billion in the first four months this year.

Trade deficit was about $1 billion in April and $730 million in the first four months.

According to the Ministry, the trade deficit is because domestic enterprises have increased imports of materials, being seen as a sign of production recovery.

In April the production index in industrial sector moved up by five percent over the same period last year.

By Ha My – Translated by Hai Mien

Other news