Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam was estimated to have an import-export value of 89.36billion USD in the first three months of 2017, with the figure for March alonehitting about 33.7 billion USD, said the General Department of Vietnam Customs.
Thethree-month sum represented a 17.5-percent increase compared to the same periodlast year.
Ofwhich, export reached 43.73 billion USD, up 12.8 percent year-on-year.
Computers,electronic devices and components recorded the highest annual jump, at 42.3percent to reach 5.31 billion USD.
Garmentand textile value increased 10.2 percent from last year to hit 5.63 billionUSD, while phones and components shipments generated 7.39 billion USD, anannual decrease of 10.7 percent.
TranThanh Hai, Vice Director of the Ministry of Industry and Trade’s Export andImport Administration, noted that growing export value has contributedsignificantly to improve the balance of payments and boost GDP growth, whilereflecting the recovery of domestic production.
Import of raw materials and machinery in service of local production andoutsourcing accounted for 80 percent of the import value of 45.63 billion USD,which showed a 22.4 percent rise year on year, signaling a positive sign forthe country’s export activities in the coming months.-VNA
VNA
