FDI businesses enjoy huge export surplus

Foreign Direct Investment (FDI) businesses achieved a trade surplus of 4.09 billion USD in the first four months of this year, according to the Foreign Investment Agency.
Foreign Direct Investment (FDI) businesses achieved a trade surplus of 4.09 billion USD in the first four months of this year, according to the Foreign Investment Agency.

FDI businesses earned 30.35 billion USD from exports (including crude oil) in the first four months of this year, representing a year-on-year increase of 17.2 percent and accounting for 66.3 percent of the country’s total.

Mobile handsets and components topped the list of commodities attaining high export earnings, fetching 7.7 billion USD, up 29.2 percent.

FDI businesses imported 26.25 billion USD worth of materials for production, up 18.2 percent from a year ago, or 58.3 percent of the country’s total.

Also in the reviewed period, domestic businesses posted a trade deficit of 3.4 billion USD.-VNA

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