Vietnam’s export revenue in February reached 8.2 billion USD, an increase of 15.6 percent over the previous month, while the country’s import value was 9 billion USD, a rise of 30 percent, according to the Export-Import Department under the Ministry of Industry and Trade (MOIT).
February saw strong rises in the export value of seafood, vegetables, cashew nuts, tea, textiles, leather footware, wood, electronic goods and spare parts. However, coffee exports fell by 20 percent year-on year in both volume and prices. Meanwhile the volume of cassava and rice exports fell 10 and 46 percent, respectively.
Although exporting nearly 90 percent more coal, revenues of this product only increased by 30 percent compared with the same period last year and rubber earnings only rose by 6 percent even after exports rose by nearly 50 percent year-on-year.
The MOIT said it will continue to expand and diversify its export markets in 2012 while stepping up trade promotions to help Vietnamese firms find new partners and markets, to reach an annual export growth of 13 percent. The ministry will also improve supporting services such as information sharing, market forecasts and informing the business community of trade barriers across the world to avoid risks when signing export contracts.
The ministry also pledged to draw up regulations and technical standards in accordance with international commitments to limit the import of low quality goods.
MOIT also warned enterprises to ensure the quality of their products while keeping costs down and being environmentally friendly to raise their competitiveness in the international market.-VNA
February saw strong rises in the export value of seafood, vegetables, cashew nuts, tea, textiles, leather footware, wood, electronic goods and spare parts. However, coffee exports fell by 20 percent year-on year in both volume and prices. Meanwhile the volume of cassava and rice exports fell 10 and 46 percent, respectively.
Although exporting nearly 90 percent more coal, revenues of this product only increased by 30 percent compared with the same period last year and rubber earnings only rose by 6 percent even after exports rose by nearly 50 percent year-on-year.
The MOIT said it will continue to expand and diversify its export markets in 2012 while stepping up trade promotions to help Vietnamese firms find new partners and markets, to reach an annual export growth of 13 percent. The ministry will also improve supporting services such as information sharing, market forecasts and informing the business community of trade barriers across the world to avoid risks when signing export contracts.
The ministry also pledged to draw up regulations and technical standards in accordance with international commitments to limit the import of low quality goods.
MOIT also warned enterprises to ensure the quality of their products while keeping costs down and being environmentally friendly to raise their competitiveness in the international market.-VNA
