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.
Trade 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 mo𓄧re than 1 bil𒊎lion 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 mark🧜ets that Vietnam are running trade surplus with./.
Minister of Industry and Trade Nguyen Hong Dien has affirmed the determination to strengthen trade promotion and export to major markets, optimising free trade agreements (FTA), making full use of opportunities, and actively responding to challenges in 2024.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Trade activities at Gemalink port, Ba Ria - Vung Tau province (Photo: VNA) 
