Enterprises with foreign direct investment (FDI) continued to be a majorfactor generating trade surplus in the first four months of 2014, theVietnam Business Forum Magazine (VBF) reported.
FDI businessescreated trade surplus of total 4.1 billion USD while domesticenterprises faced a trade deficit of 3.41 billion USD, according to theMinistry of Industry and Trade.
Exports of FDI enterprisescontinued its high growth rate and made a major contribution to exportgrowth. The country’s overall export in the first four months of 2014increased 6.6 billion USD compared with last year's same period, ofwhich the value of FDI sector (crude oil excluded) increased 4.7 billionUSD (accounting for over 70 percent of additional export value).
Theitems of large export value and high growth rates were mainlycontributed by FDI enterprises, including telephones and components(accounting for 99.6 percent of the country’s production); computer andelectronic components (98.4 percent); footwear (76.7 percent); textiles(60 percent), etc.
Export in the first four months grew 16.9percent over the same period in 2013 while import increased by 13.7percent. Export surplus was estimated at 683 million USD nationwide,accounting for approximately 1.5 percent of total export value. This wasa positive result for export sector in the first months of 2014.
Exportof the processing industry group still played an important role,contributing significantly to the growth of the whole sector, rising19.4 percent compared with last year. Main contribution for this groupincluded mobile phones and components, textiles, footwear, wood and woodproducts, all are commodities of big export value and growth rate over20 percent.
Agricultural and aquatic exports increased 14percent with high growth recorded mainly on aquaculture products (32percent), coffee (29.5 percent), pepper (41.3 percent), vegetables (23percent). Mineral and fuels decreased by 10.5 percent with a decline inboth volume and value of crude oil and coal products.
Imports ofcommodities needed for domestic production and consumption as well asfor processing and re-export of FDI enterprises continued to grow,accounting for 88.5 percent of total import value. The import volume ofmany raw materials was increased due to fallen prices.
Imports ofsome commodities such as mobile phones, small cars under nine seatsstill had a high growth rate compared with the previous year.
Averageexport prices of some commodities rose including cashew, tea, rice,coal, crude oil, petroleum. Some items had lower average prices such ascoffee, especially rubber’s price downed 24.9 percent, plastics fell 5.3percent, iron and steel 9 percent.
Influenced by export prices,exports of agricultural products decreased 207 million USD; fuel andminerals increased about 97 million USD. In general, those two groupslost 110 million USD due to fallen export prices.
The first fourmonths of 2014, Vietnam’s exports increased in most markets (except forsome western, eastern and northern European countries where it decreased7.5 percent). The Asian market was estimated at 13.6 percent increase,European markets (12.1 percent), American market( 27.8 percent), inwhich the United States increased by 26.8 percent, the highest wasBrazil with 49.0 percent. Exports to African market estimated rose 14.1percent; however, exports to some markets plummeted such as: Angola fell46.3 percent, Ivory Coast decreased 66.4 percent.
Exports ofagricultural, forestry and fishery products went up 13.2 percentcompared with last year’s same period with many items enjoyed highgrowth, however, export prices of rubber and coffee, two keycommodities, fell.
Exports of processing industrial commoditiescontinued to play an important role, contributing to the overall growthin exports. This group's exports rose 19.4 percent over the same periodlast year, accounting for 72.2 percent of total exports.
Importsof commodities needed for domestic production and consumption as well asfor processing and export of FDI enterprises continued to grow,accounting for 88.5 percent of total import value. The import volume ofmany raw materials was increased due to fallen prices.
Exportvalue of mineral and fuels in April was estimated at 705 million USD,down 10.2 percent from the previous month and up 0.7 percent comparedwith the same period in 2013. Export in the first four months of 2014was estimated at 2.91 billion USD, down 10.5 percent over the sameperiod. Gasoline was the only product in the group experienced exportssurplus compared with last year (up 6.4 percent) due to increasedexports volume (up 5.4 percent).
Except ore and other mineralsincreased sharply, export prices of the other commodities remainsgenerally stable. Decreased export volume was the main reason ofdeclined export of this group. In the first four months, the group’sexport fell 390 million USD.-VNA
FDI businessescreated trade surplus of total 4.1 billion USD while domesticenterprises faced a trade deficit of 3.41 billion USD, according to theMinistry of Industry and Trade.
Exports of FDI enterprisescontinued its high growth rate and made a major contribution to exportgrowth. The country’s overall export in the first four months of 2014increased 6.6 billion USD compared with last year's same period, ofwhich the value of FDI sector (crude oil excluded) increased 4.7 billionUSD (accounting for over 70 percent of additional export value).
Theitems of large export value and high growth rates were mainlycontributed by FDI enterprises, including telephones and components(accounting for 99.6 percent of the country’s production); computer andelectronic components (98.4 percent); footwear (76.7 percent); textiles(60 percent), etc.
Export in the first four months grew 16.9percent over the same period in 2013 while import increased by 13.7percent. Export surplus was estimated at 683 million USD nationwide,accounting for approximately 1.5 percent of total export value. This wasa positive result for export sector in the first months of 2014.
Exportof the processing industry group still played an important role,contributing significantly to the growth of the whole sector, rising19.4 percent compared with last year. Main contribution for this groupincluded mobile phones and components, textiles, footwear, wood and woodproducts, all are commodities of big export value and growth rate over20 percent.
Agricultural and aquatic exports increased 14percent with high growth recorded mainly on aquaculture products (32percent), coffee (29.5 percent), pepper (41.3 percent), vegetables (23percent). Mineral and fuels decreased by 10.5 percent with a decline inboth volume and value of crude oil and coal products.
Imports ofcommodities needed for domestic production and consumption as well asfor processing and re-export of FDI enterprises continued to grow,accounting for 88.5 percent of total import value. The import volume ofmany raw materials was increased due to fallen prices.
Imports ofsome commodities such as mobile phones, small cars under nine seatsstill had a high growth rate compared with the previous year.
Averageexport prices of some commodities rose including cashew, tea, rice,coal, crude oil, petroleum. Some items had lower average prices such ascoffee, especially rubber’s price downed 24.9 percent, plastics fell 5.3percent, iron and steel 9 percent.
Influenced by export prices,exports of agricultural products decreased 207 million USD; fuel andminerals increased about 97 million USD. In general, those two groupslost 110 million USD due to fallen export prices.
The first fourmonths of 2014, Vietnam’s exports increased in most markets (except forsome western, eastern and northern European countries where it decreased7.5 percent). The Asian market was estimated at 13.6 percent increase,European markets (12.1 percent), American market( 27.8 percent), inwhich the United States increased by 26.8 percent, the highest wasBrazil with 49.0 percent. Exports to African market estimated rose 14.1percent; however, exports to some markets plummeted such as: Angola fell46.3 percent, Ivory Coast decreased 66.4 percent.
Exports ofagricultural, forestry and fishery products went up 13.2 percentcompared with last year’s same period with many items enjoyed highgrowth, however, export prices of rubber and coffee, two keycommodities, fell.
Exports of processing industrial commoditiescontinued to play an important role, contributing to the overall growthin exports. This group's exports rose 19.4 percent over the same periodlast year, accounting for 72.2 percent of total exports.
Importsof commodities needed for domestic production and consumption as well asfor processing and export of FDI enterprises continued to grow,accounting for 88.5 percent of total import value. The import volume ofmany raw materials was increased due to fallen prices.
Exportvalue of mineral and fuels in April was estimated at 705 million USD,down 10.2 percent from the previous month and up 0.7 percent comparedwith the same period in 2013. Export in the first four months of 2014was estimated at 2.91 billion USD, down 10.5 percent over the sameperiod. Gasoline was the only product in the group experienced exportssurplus compared with last year (up 6.4 percent) due to increasedexports volume (up 5.4 percent).
Except ore and other mineralsincreased sharply, export prices of the other commodities remainsgenerally stable. Decreased export volume was the main reason ofdeclined export of this group. In the first four months, the group’sexport fell 390 million USD.-VNA
