Business

20 items earn more than 1 billion USD in export revenue in H1

As many as 20 products recorded more than 1 billion USD in export turnover in the first half of 2018, accounting for 85.6 percent of Vietnam’s total exports, according to the General Statistics Office (GSO).
20 items earn more than 1 billion USD in export revenue in H1 ảnh 1Mobile phone production at Samsung Electronics Co., Ltd. Phones and parts topthe list of hard currency earners in the first half of 2018. (Photo: VNA)

Hanoi (VNA) – As many as 20 products recorded morethan 1 billion USD in export turnover in the first half of 2018, accounting for85.6 percent of Vietnam’s total exports, according to the General StatisticsOffice (GSO).

Phones and parts topped the list of hard currency earnerswith exports worth 22.5 billion USD, up 15.4 percent, the GSO said.

It was followed by computers, electronics and accessories(13.5 billion USD, up 15.7 percent), textiles – garment (13.4 billion USD, up13.8 percent), machinery and components (7.8 billion USD, up 30.6 percent),footwear (7.8 billion USD, 10.6 percent), vehicles and parts (4.1 billion USD,up 20.5 percent) and wood and timber products (4.1 billion USD, up 12.4percent).

Vietnam enjoyed a trade surplus of 2.71 billion USD inthe first six months of 2018 as the country earned 113.93 billion USD fromexports, a year-on-year rise of 16 percent while imports hit 111.22 billion USD,up 10 percent. Domestic firms experienced a trade deficit of 12.94 billion USDwhile the foreign-invested sector, including crude oil exporters, enjoyed atrade surplus of 15.65 billion USD.

Of the total exports, more than 33.1 billion USD came from shipments bydomestic enterprises, an annual rise of 19.9 percent, while the remainder camefrom the foreign invested sector (including crude oil), up 14.5 percent.

According to Tran Thanh Hai, deputy head of the Ministryof Industry and Trade’s Foreign Trade Agency, Vietnam has made good use oftariff preferences in free trade agreements to expand export markets. This wasreflected through the country’s export turnover increasing 9.2 percent to theUS, 12.3 percent to the EU, 28 percent to China, 31.8 percent to the Republicof Korea and 17.4 percent to ASEAN.

Notably, Vietnam saw impressive export growth in India (96.6 percent), Iraq(27.9 percent), Ukraine (22.4 percent) and Russia (25.4 percent).

Vietnam’s GDP expanded 7.08 percent in January – June,marking the highest rate since 2010, fueled by robust expansion of theindustrial and construction sector and service sector, according to GSO GeneralDirector Nguyen Bich Lam.

The two biggest contributors to the GDP growth were theindustrial and construction sector and the service industry, which rose by 9.07percent and 6.9 percent, respectively. –VNA
VNA
#20 products #1 billion USD in export turnover #first half of 2018 #hard currency earners #exports #imports #foreign trade #trade surplus #export growth #news about Vietnam #Vietnam news #Vietnam #Vietnam News Agency #Vietnamplus #Business #economy
Follow VietnamPlus

Related News

Dong Nai records impressive growth in economic figures

Dong Nai records impressive growth in economic figures

The southern province of Dong Nai posted a year-on-year growth rate of 7.5 percent in gross regional domestic product (GRDP) in the first half of 2018, Vice Chairman of the provincial People’s Committee Tran Van Vinh said.

See more

Delegates at the conference in Hanoi on July 9. (Photo: hanoimoi.vn)

Inflation pressure in H2 to be driven by exchange rates, credit: experts

Inflationary pressure in the second half of 2025 would remain moderate, as factors driving prices up and down are expected to balance each other out. Assuming the CPI rises by an average of 0.27% per month, matching the average increase in the last six months of the 2015-24 period, the average inflation rate for 2025 is forecasted at 3.4%.

Foreign visitors at Vietnam's booth at Source Fashion London (Photo: VNA)

Vietnamese products make mark at Europe’s largest fashion, textile fair

Le Dinh Ba, Trade Counsellor at the Vietnam Trade Office, said the national pavilion enabled small- and medium-sized enterprises to participate by sending products and catalogues. The exhibition offered a valuable platform for Vietnamese businesses to showcase their capabilities, connect with buyers, and build long-term trade relationships.

Preferential tariff policy aims to support domestic vehicle manufacturers and assemblers, particularly those producing environmentally friendly models. (Illustrative image. Source: VNA)

Auto enterprises to enjoy preferential import tariff policies

The new decree, which took effect on July 8, 2025, revises the minimum production volume criteria for enterprises seeking to benefit from preferential import tariffs on automotive components under the preferential tariff programme. This policy aims to support domestic vehicle manufacturers and assemblers, particularly those producing environmentally friendly models.

The small-sized banking group is forecast to have notable deals in changing the stock exchanges in H2 2025. (Photo: VNA)

Small banks forecast to lead growth in H2

The small-sized banking group is expected to have the strongest growth rate of up to 35% thanks to boosting real estate credit from a low base and starting to accelerate bad debt handling.

Aerial view of cleared land and ongoing demolition at the site of HCM City's Metro Line 2 project. (Photo: thesaigontimes.vn)

Vietnam halts use of German ODA loans for HCM City metro line

The first phase of HCM City's Metro Line No. 2, stretching 11.3km with 10 underground and one elevated station, was approved in 2010 with an estimated cost of 26 trillion VND (994 million USD). That figure was revised to nearly 47.9 trillion VND (1.8 billion USD) in 2019 after delays and cost escalations.

Chairman of the Party Central Committee’s Commission for Policies and Strategies Tran Luu Quang (right) meets with President of AES Vietnam Oliver Marquette on July 9, 2025. (Photo: VNA)

Vietnam pledges support for AES investment in green energy

Tran Luu Quang, Chairman of the Party Central Committee’s Commission for Policies and Strategies, praised AES’s investment performance in Vietnam in recent years and welcomed its long-term commitment, particularly in the field of green and clean energy that supports the country's development and energy transition.

Prime Minister Pham Minh Chinh chairs the third meeting of the steering committee for national key railway projects. (Photo: VNA)

PM urges swift, accountable implementation of key railway projects

As head of the steering committee, PM Chinh reiterated the strategic direction outlined in the 13th National Party Congress, which emphasises the need to continue three strategic breakthroughs, with priority given to railway development and starting work on several sections of the North–South high-speed railway, improving transport connectivity with economic zones, industrial parks, seaports, and airports, and accelerating the pace of urban railway projects in Hanoi and Ho Chi Minh City.