Illustrative image (Photo: kinhdoanh.vnexpress.net) Hanoi (VNA) –Vietnamese enterprises pocketed a total of 8.6 billion USD in 2016 fromprocessing and assembling activities for foreign partners, according to the2017 Economy Survey released recently.
The survey revealed the garment-textile sector earned most with4.1 billion USD; followed by footwear, 2.7 billion USD; phone assembly, 268million USD; and electronics and computer assembly, 63 million USD.
Total value of imported materials for processingand assembly reached 20.2 billion USD, accounting for 11.5 percent of thecountry’s accumulated import turnover.
Export turnover of these products was 32.4billion, making up 18 percent of the country’s total export value.
Nguyen Bich Lam, head of the General StatisticsOffice (GSO), said foreign direct investment businesses contributed 25.6billion USD to the sum, or 78.9 percent. Meanwhile, they imported 16.3 billionUSD worth of materials for processing and assembly.
Apart from processing and assembly fees, somegroups like garment-textile and footwear also earned from providing materialsfor the process at home.
Most processed products were shipped back to ordering countries orthe third nations under requests of the ordering countries, the GSO said.-VNA
VNA
