Tan Cang - Cat Lai Port in HCM City (Photo: VNA) HCM City (VNA) – Ho Chi Minh City’s export turnover in the first half ofthis year reached an estimated 19.42 billion USD, down 22.4% year-on-year.
The total import turnover of enterprises of the country's economic locomotive through the national border gatesin the period also decreased by 24.2% over the same period last year to 25.55billion USD.
Statistics from the municipal Department of Customs show that theexport value of computers, electronic products and components; aquatic products;and coffee via the municipal border gate in the January – June period respectively droppedby 31%, 37% and 30% year-on-year.
The situation was blamed on strong impacts from geopolitical conflicts,high global inflation, and a downward trend in consumption globally.
According to Dinh Ngoc Thang, Director of the municipalDepartment of Customs, the drop in the export and import value led to adecrease of 9.4% in the budget revenue from import and export activities in theperiod.
Pham Binh An, Deputy Director of the HCM City Institute for Development Studies, said in the context of difficulties facingexport activities, municipal authorities should focus on supporting specificsectors, and soon implement solutions to stimulate domestic consumption demand suchas expanding consumer credit, establishing new commercial space such as rivereconomy and night economy.
The cityneeds to restore business confidence by effectively implementing supportivepolicies on interest, credit, and taxes, he stressed./.
