Illustrative image (Source: VNA)

Hanoi (VNA)
– Vietnam was estimated to have an import-export value of 89.36 billion USD in the first three months of 2017, with the figure for March alone hitting about 33.7 billion USD, said the General Department of Vietnam Customs.

The three-month sum represented a 17.5-percent increase compared to the same period last year.

Of which, export reached 43.73 billion USD, up 12.8 percent year-on-year.

Computers, electronic devices and components recorded the highest annual jump, at 42.3 percent to reach 5.31 billion USD.  

Garment and textile value increased 10.2 percent from last year to hit 5.63 billion USD, while phones and components shipments generated 7.39 billion USD, an annual decrease of 10.7 percent.

Tran Thanh Hai, Vice Director of the Ministry of Industry and Trade’s Export and Import Administration, noted that growing export value has contributed significantly to improve the balance of payments and boost GDP growth, while reflecting the recovery of domestic production.

Import of raw materials and machinery in service of local production and outsourcing accounted for 80 percent of the import value of 45.63 billion USD, which showed a 22.4 percent rise year on year, signaling a positive sign for the country’s export activities in the coming months.-VNA