Vietnam is expected to see an export turnover of 131 billion USD this year, representing a 14 percent increase from 2012.
According to forecast by the Ministry of Industry and Trade (MoIT),turnover would be four percent higher than the target set by theNational Assembly earlier this year.
Its figures revealed thatin the first nine months of the year, Vietnam's export turnover was96.46 billion USD, a 17.5 percent rise over the same period last year.
The processing industry accounted for 69.7 percent of thetotal, with turnover of 67.24 billion USD, representing 26.4 percentyear-on-year increase.
Head of the ministry's PlanningDepartment Nguyen Tien Vy said the industry was the standout performerin the total import-export turnover.
Mobile phone and landline export turnover rose 75.5 percent, while computers and spare parts saw a 45.3 percent surge.
Nguyen Tien Vy said exports to the EU market in the nine-month periodsaw the highest growth rate at 22 percent, following by America (14percent) and Asia (13 percent) against the corresponding period lastyear.
The foreign direct investment sector retained its leadingposition in exports, accounting for 60.5 percent of the total duringthe period.
Garments and textiles, shoes, computer, electronicproducts and spare parts from the sector made up 44 percent of thetotal.
Head of the Import-Export Department Phan Van Chinhadded that businesses had taken advantage of commercial trade agreementsto accelerate exports.
Specifically, items which enjoyedadvantages from Certificates of Origin (C/O) last month reached 60percent. In the Republic of Korea market, the rate was up to 90 percent,while that in ASEAN and Japan, 55 percent.
Phan Van Chinh saidexport turnover had been on an upward trend, as the country's exportstraditionally surge in the last months of the year.
However, hesuggested that enterprises should further make use of preferentialtreatment gained from signed commercial trade pacts. In addition,management agencies should further reform administrative procedures tohelp grant businesses C/O.
He also called for tax payment difficulties to be resolved and guarantees to be given to exporters.-VNA
According to forecast by the Ministry of Industry and Trade (MoIT),turnover would be four percent higher than the target set by theNational Assembly earlier this year.
Its figures revealed thatin the first nine months of the year, Vietnam's export turnover was96.46 billion USD, a 17.5 percent rise over the same period last year.
The processing industry accounted for 69.7 percent of thetotal, with turnover of 67.24 billion USD, representing 26.4 percentyear-on-year increase.
Head of the ministry's PlanningDepartment Nguyen Tien Vy said the industry was the standout performerin the total import-export turnover.
Mobile phone and landline export turnover rose 75.5 percent, while computers and spare parts saw a 45.3 percent surge.
Nguyen Tien Vy said exports to the EU market in the nine-month periodsaw the highest growth rate at 22 percent, following by America (14percent) and Asia (13 percent) against the corresponding period lastyear.
The foreign direct investment sector retained its leadingposition in exports, accounting for 60.5 percent of the total duringthe period.
Garments and textiles, shoes, computer, electronicproducts and spare parts from the sector made up 44 percent of thetotal.
Head of the Import-Export Department Phan Van Chinhadded that businesses had taken advantage of commercial trade agreementsto accelerate exports.
Specifically, items which enjoyedadvantages from Certificates of Origin (C/O) last month reached 60percent. In the Republic of Korea market, the rate was up to 90 percent,while that in ASEAN and Japan, 55 percent.
Phan Van Chinh saidexport turnover had been on an upward trend, as the country's exportstraditionally surge in the last months of the year.
However, hesuggested that enterprises should further make use of preferentialtreatment gained from signed commercial trade pacts. In addition,management agencies should further reform administrative procedures tohelp grant businesses C/O.
He also called for tax payment difficulties to be resolved and guarantees to be given to exporters.-VNA
