Illustrative image (Source: VNA) Hanoi (VNA) - Vietnam’s export turnover is expected to set a new record in2018, estimated at 244 billion USD, up 30 billion USD compared to 2017.
In the first 10 months of 2018, the exportturnover hit over 200 billion USD,up 14.2 percent against the same period lastyear, according to the General Statistics Office (GSO).
Export revenue of the domestic economic sectorrose 16.8 percent, reaching 56.82 billion USD, while that of the foreign directinvestment (FDI) sector expanded 13.2 percent to 143.45 billion USD, up 13.2percent, accounting for 71.6 percent of the total turnover.
Many key exports gained high growth, withcomputers, electronics and components(up 13.9 percent), textiles and garments (over17 percent), and machinery, equipment and spare parts (over 28 percent).
Growth was also seen in the earnings from farmproduce, including fruits and vegetables (up 14.4 percent to 3.3 billion USD),coffee (1.1 percent to 3 billion USD) and rice (up 16.1 percent to 2.6 billionUSD).
However, crude oil export in the period fell inboth value and volume compared to last year, reaching only 1.8 billion USD,down 24.8 percent in value and 45.4 percent in volume.
According to Tran ThanhHai, deputy head of theExport-Import Department under the Ministry of Industry and Trade, Vietnam iswell exploiting traditional export markets and seeking new ones.
More and more Vietnamese firms are paying attentionto taking advantage of opportunities from free trade agreements (FTA) thatVietnam hassigned.
According to the Ministry of Agriculture and Rural Development, the exportturnover of the group of agricultural products is forecast to exceed the goalof 40 billion USD. It is attributed to the rapid and sustainable growth of agriculturalproduction nationwide.
Vietnam is the 15th largest exporter of agricultural products in theworld.
Minister of Industry and Trade Tran Tuan Anh said Vietnamese firms have workedhard to actively build brand names and promoting their products, contributingto raising the position of Vietnamese goods in international markets, towards increasingexport in the time to come.
He affirmed that more efforts would be made to accelerate administrativereform, remove difficulties, andcut down business conditions, especiallysimplify export procedures, thus supporting exporters.-VNA
In the first 10 months of 2018, the exportturnover hit over 200 billion USD,up 14.2 percent against the same period lastyear, according to the General Statistics Office (GSO).
Export revenue of the domestic economic sectorrose 16.8 percent, reaching 56.82 billion USD, while that of the foreign directinvestment (FDI) sector expanded 13.2 percent to 143.45 billion USD, up 13.2percent, accounting for 71.6 percent of the total turnover.
Many key exports gained high growth, withcomputers, electronics and components(up 13.9 percent), textiles and garments (over17 percent), and machinery, equipment and spare parts (over 28 percent).
Growth was also seen in the earnings from farmproduce, including fruits and vegetables (up 14.4 percent to 3.3 billion USD),coffee (1.1 percent to 3 billion USD) and rice (up 16.1 percent to 2.6 billionUSD).
However, crude oil export in the period fell inboth value and volume compared to last year, reaching only 1.8 billion USD,down 24.8 percent in value and 45.4 percent in volume.
According to Tran ThanhHai, deputy head of theExport-Import Department under the Ministry of Industry and Trade, Vietnam iswell exploiting traditional export markets and seeking new ones.
More and more Vietnamese firms are paying attentionto taking advantage of opportunities from free trade agreements (FTA) thatVietnam hassigned.
According to the Ministry of Agriculture and Rural Development, the exportturnover of the group of agricultural products is forecast to exceed the goalof 40 billion USD. It is attributed to the rapid and sustainable growth of agriculturalproduction nationwide.
Vietnam is the 15th largest exporter of agricultural products in theworld.
Minister of Industry and Trade Tran Tuan Anh said Vietnamese firms have workedhard to actively build brand names and promoting their products, contributingto raising the position of Vietnamese goods in international markets, towards increasingexport in the time to come.
He affirmed that more efforts would be made to accelerate administrativereform, remove difficulties, andcut down business conditions, especiallysimplify export procedures, thus supporting exporters.-VNA
VNA
