Ministry predicts 2017 export growth

Products including telephones and spare parts, garment and textiles, electronics and computers are expected to bring highest export turnover to the country in 2017, said the Ministry of Industry and Trade.
Ministry predicts 2017 export growth ảnh 1A Samsung Electronics earphone production line in Vietnam. Telephones and spare part exports are expected to reach 39 billion USD this year, representing a 13 percent year-on-year rise (Photo: VNA
Hanoi (VNA) - Products includingtelephones and spare parts, garment and textiles, electronics and computers areexpected to bring highest export turnover to the country in 2017, said theMinistry of Industry and Trade.

Lastyear, Vietnam’s total export turnover was 175.9 billion USD, an increase of 8.6percent over the previous year. Therefore, the ministry has set an exportturnover target of 188 billion USD for 2017, or 6.9 percent higher than lastyear.

Theministry said telephones and spare part exports were expected to reach 39billion USD, representing a 13 percent year-on-year rise, and the products withhighest export turnover in 2017.

Thegarment and textile products would follow with export turnover of 25 billion USDor 6 percent higher than that of last year.

Electronics,computers and spare parts are forecast to achieve export turnover of 22 billionUSD, increasing 19 percent from last year.

Theexports of shoes, seafood and fruits would also contribute high exportturnovers of 14 billion USD, 7.5 billion USD, and 3 billion USD respectively.

MinisterTran Tuan Anh believes that in 2017, import-export turnover would continue toincrease thanks to the signing of a number of free trade agreements (FTAs) andFDI inflows shifting from other countries to Vietnam. Participation in theASEAN Economic Community would also bring opportunities to the country byexpanding its export markets as well as increasing competitiveness.

Statisticsfrom the ministry showed that last year Vietnam exported 25 products, withturnover of more than 1 billion USD each.

In2016, the country reported a trade surplus of 2.68 billion USD, accounting for1.52 percent of its total import-export turnover.

Vietnam’sexport turnover to its traditional markets including Asia, Europe and the USsaw positive growth last year. The export turnover to the US saw the highestgrowth rate of 13.2 percent, followed by Europe with 11.3 percent and Asia with6.9 percent.-VNA

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.