Vietnam’s exports surge 4.7 percent in four months

Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated 82.9 billion USD in the first four months of this year, according to the General Statistics Office (GSO).
Vietnam’s exports surge 4.7 percent in four months ảnh 1Cargo containers are loaded at My Thoi Port in the southern province of An Giang (Photo: VNA)
Hanoi (VNA) - Vietnam's export value saw a year-on-year increase of 4.7percent to an estimated 82.9 billion USD in the first four months of this year,according to the General Statistics Office (GSO).

Domestic companies generated 26.4 billion USD from exports during the period,rising 12.1 percent year-on-year and making up 32 percent of the country'stotal export earnings. Meanwhile, exports of foreign-invested firms hit 56.49billion USD, up 1.5 percent and making up 68 percent of the total.

Fifteen groups of products recorded an export value of over 1 billion USD orequivalent to 80.1 percent of the nation’s four-month total earnings. Of them,phones and parts earned the largest export turnover with 16.2 billion USD, up1.1 percent year-on-year. Electronics, computers and components came next with 12.4billion USD, up 28.6 percent year-on-year, followed by textiles and garment (8.9billion USD, down 5.8 percent); machinery equipment and parts (6.9 billion USD,up 29.6 percent); and footwear (5.5 billion USD, up 1.3 percent).

From January to April, the US remained Vietnam's biggest export market,spending 20.3 billion USD on Vietnamese goods, a yearly hike of 13.4 percent.It was followed by China with 13.1 billion USD, up 26.7 percent; the EU with 10.7billion USD, down 8.1 percent and ASEAN nations with 8.2 billion USD, down 3.4 percent,the GSO said in a monthly report.

Per the report, the country's imports expanded 2.1 percent year-on-year to anestimated 79.89 billion USD in the period. Domestic firms spent 33.58 billion USDon imports, up 1.1 percent year-on-year while foreign-invested companies saw ayearly turnover rise of 2.9 percent to 46.31 billion USD.

Electronics, computers and components accounted for 22 percent of the nation’sfour-month imports at 17.8 billion USD, up 12.5 percent over the same periodlast year. Among others were machinery, equipment and parts at 11.5 billion USD,down 0.1 percent; telephones and parts (4.3 billion USD, up 12 percent); cloth(3.6 billion USD, down 10.9 percent); steel and iron (2.9 billion USD, down 6.4percent); plastics (2.8 billion USD, down 1.4 percent) and plastic products (2.3billion USD, up 14.6 percent).

China was Vietnam's largest supplier, selling 22.7 billion USD worth of goodsto Vietnam, down 0.1 percent year-on-year. The Republic of Korea ranked secondby shipping 15.5 billion USD worth of goods to Vietnam, up 2.5 percentyear-on-year, followed by ASEAN countries with 9.9 billion USD, down 7.8 percent.

According to the GSO's report, Vietnam’s trade surplus narrowed to 3 billion USDin January-April./.
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.