Vietnam’s export turnover rises again

Vietnam’s export revenues in October rose 4.5 percent against last month to 8.3 billion USD, after three consecutive months of decline.

The General Statistics Office announced that the country earned an export turnover of more than 78 billion USD in the Jan.-Oct. period, a year-on-year rise of 34.6 percent.

Garments and textiles took the lead among export staples with around 11.7 billion USD in the past 10 months, a year-on-year rise of 29.4 percent; followed by footwear with more than 5.1 billion USD, up 25.8 percent; and seafood with more than 4.92 billion USD, up 22.8 percent.

Wooden furniture, machinery and equipment, electronics and computers also made important contributions to the country’s 10-month export revenues.

The US remained the top importer of Vietnam ’s garments and textiles, followed by the European Union (EU) and Japan .

The nation’s 10-month trade deficit fell to 8.39 billion USD, a year-on-year reduction of 10.8 percent.

At the second session of the 13 th NA, the Government estimated that the country’s export revenues will reach 95 billion USD this year, a year-on-year rise of 31.6 percent, while its trade deficit will make up 10.5 percent of the total export turnover, equivalent to 10 billion USD.

October 27, 2011

Source: vneconomynews.com