Hanoi’s exports see 0.2 percent growth

Hanoi (VNA) – The capital city of Hanoi generated approximately 3.4 billion USD from exports in the first four months of the year, marking a modest increase of 0.2 percent against the same period last year, according to the municipal Statistics Office.

In April alone, the city’s exports were estimated at 852 million USD, down 1 percent month-on-month and 4 percent year-on-year, the office said.

Products recording high export growth in the reviewed period included garments, up 23 percent, and means of transport and tools, up 21 percent.

Items witnessing export decline were farm produce, down 19.5 percent, and computer components and peripheral equipment, down 20 percent.

Meanwhile, the city imported an estimated 1.75 billion USD worth of goods in April, surging 2.3 percent against the previous month but decreasing 13 percent against last year’s corresponding period.

The latest addition has brought the city’s import turnover in four months up to 7.33 billion USD, down 5.1 percent year-on-year.

From January to April, the import of most products tended to decline compared to same period last year, such as chemicals, down 25 percent, plastics (16 percent) and fertilizer (6 percent).

The office also reported that the city’s total revenue from the retail trade and services saw a yearly increase of 9.7 percent to reach nearly 172 trillion VND (7.61 billion USD) in April.

In the four months, the retail sale of goods and services topped 682 trillion VND (about 30.3 billion USD), 9.7 percent higher than same period last year. Of which, the State-owned sector recorded a retail sales growth of 7.6 percent while the non-State owned and foreign sectors witnessed rises of 11 percent and 10 percent, respectively.-VNA