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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

VietNam earned US$154.3 billion from exports

Monday, October 23, 2017 > 12:38:57
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Vietnam News

The country’s total import-export turnover in the first nine months of the year reached more than US$308.3 billion, posting a 21.3 per cent year-on-year increase, according to the General Department of Customs.

The export turnover in the period between January and September posted a 19.8 per cent rise to $154.3 billion, compared with the same period last year .

The exports of 10 key staples brought over $111 billion out of the total turnover.

Phones and spare parts took the lead with an export turnover of $31.54 billion, followed by garment and textiles with $19.21 billion, and computer and electronics spare parts with $18.54 billion. The shoe sector earned $10.64 billion from exports in the nine months, while machines earned $9.31 billion, and seafood brought in $5.99 billion.

The Ministry of Industry and Trade has forecast that the exports of the 10 key products would be positive in the year-end months.

For example, the exports of phones and spare parts would continue to grow, as the world’s large producers were investing in Việt Nam leading to stable production.

The export of computers and electronics products in the first nine months of the year rose by 40 per cent from the same period last year, because businesses in the industry have expanded their market shares to other countries and territories, such as South Korea, ASEAN, Canada, China, Taiwan and Russia. Exports to traditional markets, including the United States and Japan have been stable.

The products are expected to grow further in new markets, especially, in small ones that do not have famous brand names.


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