Vietnam is expected to see an export turnover of 131 billion USD this year, representing a 14 percent increase from 2012.
According to forecast by the Ministry of Industry and Trade (MoIT), turnover would be four percent higher than the target set by the National Assembly earlier this year.
Its figures revealed that in the first nine months of the year, Vietnam's export turnover was 96.46 billion USD, a 17.5 percent rise over the same period last year.
The processing industry accounted for 69.7 percent of the total, with turnover of 67.24 billion USD, representing 26.4 percent year-on-year increase.
Head of the ministry's Planning Department Nguyen Tien Vy said the industry was the standout performer in the total import-export turnover.
Mobile phone and landline export turnover rose 75.5 percent, while computers and spare parts saw a 45.3 percent surge.
Nguyen Tien Vy said exports to the EU market in the nine-month period saw the highest growth rate at 22 percent, following by America (14 percent) and Asia (13 percent) against the corresponding period last year.
The foreign direct investment sector retained its leading position in exports, accounting for 60.5 percent of the total during the period.
Garments and textiles, shoes, computer, electronic products and spare parts from the sector made up 44 percent of the total.
Head of the Import-Export Department Phan Van Chinh added that businesses had taken advantage of commercial trade agreements to accelerate exports.
Specifically, items which enjoyed advantages from Certificates of Origin (C/O) last month reached 60 percent. In the Republic of Korea market, the rate was up to 90 percent, while that in ASEAN and Japan, 55 percent.
Phan Van Chinh said export turnover had been on an upward trend, as the country's exports traditionally surge in the last months of the year.
However, he suggested that enterprises should further make use of preferential treatment gained from signed commercial trade pacts. In addition, management agencies should further reform administrative procedures to help grant businesses C/O.
He also called for tax payment difficulties to be resolved and guarantees to be given to exporters.-VNA
According to forecast by the Ministry of Industry and Trade (MoIT), turnover would be four percent higher than the target set by the National Assembly earlier this year.
Its figures revealed that in the first nine months of the year, Vietnam's export turnover was 96.46 billion USD, a 17.5 percent rise over the same period last year.
The processing industry accounted for 69.7 percent of the total, with turnover of 67.24 billion USD, representing 26.4 percent year-on-year increase.
Head of the ministry's Planning Department Nguyen Tien Vy said the industry was the standout performer in the total import-export turnover.
Mobile phone and landline export turnover rose 75.5 percent, while computers and spare parts saw a 45.3 percent surge.
Nguyen Tien Vy said exports to the EU market in the nine-month period saw the highest growth rate at 22 percent, following by America (14 percent) and Asia (13 percent) against the corresponding period last year.
The foreign direct investment sector retained its leading position in exports, accounting for 60.5 percent of the total during the period.
Garments and textiles, shoes, computer, electronic products and spare parts from the sector made up 44 percent of the total.
Head of the Import-Export Department Phan Van Chinh added that businesses had taken advantage of commercial trade agreements to accelerate exports.
Specifically, items which enjoyed advantages from Certificates of Origin (C/O) last month reached 60 percent. In the Republic of Korea market, the rate was up to 90 percent, while that in ASEAN and Japan, 55 percent.
Phan Van Chinh said export turnover had been on an upward trend, as the country's exports traditionally surge in the last months of the year.
However, he suggested that enterprises should further make use of preferential treatment gained from signed commercial trade pacts. In addition, management agencies should further reform administrative procedures to help grant businesses C/O.
He also called for tax payment difficulties to be resolved and guarantees to be given to exporters.-VNA
