Monday, June 24,2024 - 21:24 GMT+7  Việt Nam EngLish 

Positive recovery trend of import and export activities 

 Wednesday, May 29,2024

AsemconnectVietnam - According to the information from the Import-Export Department (under the Ministry of Industry and Trade), in the first 4 months of the year, Vietnam's total import and export value of goods reached nearly 239 billion USD, an increase of 15.1%, equivalent to an increase of 31.4 billion USD compared to the same period last year.

Of which, exports reached 124 billion USD, an increase of 15.1% and imports reached 115 billion USD, an increase of 15.1%.
Overall for 4 months, the trade balance continued to record a surplus of 9 billion USD. The indexes can be considered to have had very positive growth in the first 4 months of the year, clearly showing the recovery trend of import and export activities. Some positive points in import and export activities include:
Both the foreign-invested enterprise sector and the 100% domestic-owned enterprise sector recorded good growth in export turnover. Among them, the group of domestic enterprises had a higher growth rate (up by 22.8% over the same period last year, higher than the growth rate of 12.4% of the group of foreign-invested enterprises).
The exports of agricultural and aquatic products achieved high growth (25.7% over the same period last year). Of which, the exports of seafood reached 2.7 billion USD, an increase of 5.8%; vegetables reached 1.9 billion USD, an increase of 38.1%, coffee reached 2.5 billion USD, an increase of 53.4%, especially rice products, although only increased by 9.5% in volume, the turnover recorded received an increase of 33.6%, reflecting a favorable price level in the market. The exports of agricultural products - which were a strong group of domestic businesses - had contributed to the positive growth of this business sector.
Several key export industrial products continued to recover well, such as wood and wood products reached 4.9 billion USD, up by 25%; textiles and garments reached 10.4 billion USD, up by 6.7%; footwear reached 6.6 billion USD, an increase of 7.2%, iron and steel of all kinds reached 3.2 billion USD, an increase of 28.1%; computers, electronic products and components reached 21.5 billion USD, an increase of 33.9%; phones and components reached 18.1 billion USD, an increase of 5%.
The exports to most market areas grew well, especially markets that have signed FTAs with Vietnam: to Asean increased by 10.5%; to Japan increased by 3.3%, Korea increased by 8.6%, EU increased by 15.1%, and Australia increased by 22.6%. In the past years, Vietnam upgraded its comprehensive strategic partnership with two major partners, China and the United States. In which trade is considered an important pillar. The exports to China in the first 4 months of the year reached 17 billion USD, up by 12.8%; to the United States reached 34.7 billion USD, an increase of 21.2%.
CK
Source: VITIC/moit.gov.vn

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