HCM City’s import-export turnover enjoys climb

Illustrative image (Photo: Internet)

HCM City (VNA) – Ho Chi Minh City’s import-export turnover in the first three months of 2016 enjoyed a slight climb compared with the same period last year.

Export turnover growth in the first quarter of the year was estimated at 6.7 billion USD, a year-on-year increase of 0.1 percent; while import turnover hiked 8.2 percent against the same period last year, reaching 7.9 billion USD, with major imported goods being equipment and materials for production – such as pharmaceuticals, electronic components and parts.

According to the municipal People’s Committee, the primary markets for Vietnamese exports all saw rises including Indonesia (308.9 percent), the Philippines (36.1 percent), the Netherlands (26.6 percent), and China (26.5 percent).

Meanwhile the city’s traditional export markets such as the US, Japan and the Republic of Korea experienced slow growth.

In order to help expand markets and increase trade in goods, the city has regularly received and provided information to domestic and foreign buyers and investors, while continuing to tackle difficulties in the business and production processes.-VNA