Business

Vietnam’s export revenue up 4.1% in first half of January

Vietnam had shipped 15.08 billion USD worth of products overseas as of January 15, a year-on-year increase of 4.1%, the General Statistics Office announced on January 29.
Vietnam’s export revenue up 4.1% in first half of January ảnh 1Trade activities at Gemalink port, Ba Ria - Vung Tau province (Photo: VNA)

Hanoi (VNA) – Vietnam had shipped 15.08 billion USD worth of productsoverseas as of January 15, a year-on-year increase of 4.1%, the GeneralStatistics Office announced on January 29.

Foreign firms occupied 11.06billion USD, up 1.9% against the same time last year, while the domestic sector made up 4.02 billion USD of the total, ayear-on-year rise of 10.4%.

During the period, the country enjoyed a trade surplus of 0.38 billion USD ascompared to the 0.73 billion USD recorded in the same time last year.

Exports posting earnings of more than 1 billion USD included telephones and components(2.86 billion USD, up 6.7% year-on-year); electronics, computers and components(over 2.24 billion USD, up 22.1%), garment and textile (1.29 billion USD, down17.8%), and machinery, equipment, tools and spare parts (1.63 billion USD, down4.6%).

The Ministry of Industry and Trade is eying 377 billion USD in export revenue in 2024, rising 6% from 2023.

The general statistics office said the ministry should complete mechanisms andpolicies to create favourable macro-economic environment for exports, anddevelop a sound business climate for enterprises.

The sector should work to reduce the risks posed by trade defenceinvestigations from importers towards sustainable export growth, enhanceforecast and give early warnings to businesses whose products are at risks ofbeing investigated.

Besides, it is necessary for the ministry topen additional tax incentives, especially for machinery and equipment purchasedfrom the markets that Vietnam are running trade surplus with./.

VNA
#export revenue #first half of January #foreign firms #domestic sector #earnings #Ministry of Industry and Trade #Vietnam News Agency #Vietnamplus
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