Vietnam’s export turnover up 7.3 percent in eight months
Vietnam’s export turnover hit nearly 170 billion USD in the last eight months, a year on year increase of 7.3 percent, according to the Ministry of Industry and Trade (MoIT).
Hanoi (VNA) - Vietnam’s export turnover hit nearly 170billion USD in the last eight months, a year on year increase of 7.3 percent,according to the Ministry of Industry and Trade (MoIT).
Thanks to contributions of the group of mobile phone and accessories, thecountry enjoyed a trade surplus of 1.7 billion USD in August, which brought thetrade surplus for January-August to 3.4 billion USD.
The US remains Vietnam’s biggest importer, buying 38.6 billion USD worth ofgoods, up 25.3 percent year on year.
It was followed by the EU, China and ASEAN with 27.7 billion USD, 23.8 billionUSD, and 17.3 billion USD, respectively.
In the eight months, the country spent 166.58 billion USD on imports, up 8.5percent from the same period last year.
Experts said enterprises need to tap incentives from free trade agreementsVietnam has signed and pay attention to ensuring regulations related to originof goods to enjoy tariff preferences.
The MoIT asked its import-export department to build import and export scenariosfor markets and sectors, thus devising proper measures to promote exports.-VNA
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Processing fruit for export (Source: VNA) 
