Export turnover up 50 percent during Tet holiday hinh anh 1Export-import activities were handled at 108 customs departments during Tet (Source: hanoimoi.com.vn)

Hanoi (VNA) – Total export revenue during the week-long Tet holiday, which lasted from February 14-20, reached 289 million USD, up nearly 50 percent against the same period last year.

Meanwhile, import value during the Tet (Lunar New Year) holiday, the biggest festival in the year of Vietnamese, was 604 million USD, a year-on-year rise of 45.7 percent.

According to the General Department of Customs, the export-import activities were handled at 108 customs departments, with nearly 5,100 declaration forms registered.

The agency said that only a nine-seat auto worth 16,500 USD was imported from Australia in the week.  

Vietnam’s export turnover in January 2018 stood at 19 billion USD, a decrease of 3.3 percent against December 2017 but up 33.1 percent compared with the same period last year.

China was Vietnam’s largest export market with a turnover of 4.5 billion USD, a 2.5-fold rise from the corresponding time last year, followed by the United States, the European Union, the Association of Southeast Asian Nations (ASEAN), Japan and the Republic of Korea.

Meanwhile, Vietnam imported 19.3 billion USD worth of goods in January, down 3 percent against December 2017 but up 47.4 percent year-on-year. 

The numbers reflect a trade deficit of 300 million USD in January. The General Statistics Office explained that businesses are importing more goods to serve production and consumption during the upcoming Tet holiday.

According to the Ministry of Industry and Trade, the country’s exports are set to face a range of difficulties in 2018 such as global economic uncertainties, impacts of sudden changes in economic and trade policies of major economies like the US and the EU, impacts of geo-political tensions on the global financial sector and increasing supply resources. - VNA