27 export items listed in “one-billion-USD” club in five months
Twenty-seven export items joined the “one-billion-USD” club in the first five months of this year, as compared with only 23 seen in the same period last year, Deputy Minister of Industry and Trade Do Thang Hai told a press conference on June 16.
Hanoi (VNA) – Twenty-seven export itemsjoined the “one-billion-USD” club in the first five months of this year, ascompared with only 23 seen in the same period last year, Deputy Ministerof Industry and Trade Do Thang Hai told a press conference on June 16.
Vietnam’s export revenue in May increased 18.1percent against the previous month, pushing the five-month value by 16.7percent, he said.
The export value in the domestic economic sectorexpanded 21.3 percent, higher than that in the FDI sector (15.1 percent,including crude oil) which, Hai said, reflects the rapid recovery of localfirms as well as the resumption of global supply chains.
He, however, noted that the enterprises faced a hostof difficulties due to surging production costs, including transportation andwarehousing ones, and material prices.
Moreover, FDI groups like Samsung and Electronics scalingdown their production of some items given the falling demand and China’s lockdownmeasures have also affected Vietnam’s production and export, Hai continued.
The Ministry of Industry and Trade will work harderto help businesses optimise signed free trade agreements (FTAs) in order tospeed up export and boost consumption at home, maintain contacts with China andcoordinate with other ministries, agencies and localities to ensure sustainablecustoms clearance at border.
It will also review and propose measures to cuttaxes and fees, or solutions to support firms affected by the soaring prices ofcertain goods, he promised./.
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Illustrative image (Source: VNA) 
