return icon Vietnamnet.vn

Vietnam's export turnover exceeds US$120 billion with high trade surplus

By the end of April the nation’s export turnover recorded high growth of 16.5% to reach US$122.48 billion, according to data provided by the General Department of Customs.

In terms of the overall export performance, export turnover of FDI enterprises reached US$24.23 billion, a decline of 6.2% but higher than the average decrease seen in the entire country.

By the end of April, Vietnam's export turnover enjoys high growth of 16.5% to hit US$122.48 billion.
By the end of April, Vietnam's export turnover enjoys high growth of 16.5% to hit US$122.48 billion.

In April, there were eight groups of export products with a turnover exceeding US$ 1 billion, including phones, computers, machinery, garments and textiles, footwear, timber and wood products, iron and steel, and seafood. Of these, four groups of export products achieved a turnover of US$10 billion or above.

In the opposite direction, April alone witnessed import turnover reach US$32.47 billion, a drop of 0.6% over the previous month, thereby bringing the total import turnover during the four-month period to US$119.95 billion, up 15.3% on-year.

By the end of April, the total import-export turnover for the entire country had hit US$242.43 billion, while the trade surplus stood at roughly US$850 million, taking the four-month trade surplus to US$2.53 billion.

The Ministry of Industry and Trade stated that in order to maintain the consistent growth pace, functional units must support local businesses in accessing timely market information, boosting exports, taking full advantage of commitments in signed free trade agreements (FTAs), and ratifying other global value chains. These efforts should be implemented for the cause of finding new markets.

Furthermore, the Ministry underlined the necessity to closely monitor the fluctuations of the international situation, actively assess the impacts of such events on local production, imports, and exports in order to make appropriate adjustments and responses in support of associations and businesses.

It can therefore be considered essential to assess domestic demand for strategic commodities such as fertilizers, petroleum, and coal in a bid to take appropriate management measures for export and import activities, while taking full advantage of opportunities to bolster exports and secure supply sources, it added.

Source: VOV

MORE NEWS

Fashion shows to spread quintessence of Vietnamese culture and heritage

The series is the brainchild of former supermodel Ha Vy and director Hoang Cong Cuong, who is the mastermind of several big events in Vietnam including the opening ceremony of the Southeast Asian Games (SEA Games) 31 in Hanoi in May.

Low-carbon rice production helps Vietnam meet emission target

Rice, which is Vietnam’s most important crop and grown on more than half of its agricultural land area, accounts for 48 per cent of the agriculture sector’s GHG emissions and over 75 per cent of methane emissions.

VIETNAM BUSINESS NEWS SEPTEMBER 26

Number of air passengers down 14% in September

Vietnam needs highly skilled labour force to compete

The vocational training system of Vietnam needs reforming to create highly-skilled human resources that meet the requirements of the labour market in increasingly integrated international market, experts said.

Lengthy visa process a setback for FDI firms

The visa process does not always go smoothly. Sometimes, it moves so slowly that some specialists cannot enter Vietnam on schedule, leading to production disruptions.

Petrol and oil price stabilisation fund requires thorough appraisal

The Government needs to carefully evaluate the effectiveness of the petrol and oil price stabilisation fund in keeping the commodity’s retail prices stable before deciding to maintain or eliminate the tool, experts said.

Embedded finance the next big thing: summit

Embedded finance is the next big thing in the financial services industry as it has integrated seamlessly into the local fintech landscape in recent years, experts said at a meeting last Friday in HCM City.

Entertainment and cultural events of the week (September 26-October 2)

Upcoming entertainment and cultural events in Vietnam's major cities on September 26-October 2.

VIETNAM NEWS HEADLINES SEPTEMBER 26

PM orders urgent measures against Storm Noru

Beauties wow in traditional costume contest at Miss Grand Vietnam

Vietnamese beauties boasted of their charm in a traditional costume segment of the ongoing Miss Grand Vietnam 2022 taking place on September 23.

State Bank’ rate hike necessary to defend VND, control inflation: ADB Country Director

ADB Country Director Andrew Jeffries has talked on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation.

Prop-tech has potential but faces challenges

Many prop-tech startups are facing challenges, though it is a new market with potential in Vietnam.

Prime Minister asked to stabilise rice price

India's restriction on rice exports is said to have an impact on the volume and price of Vietnamese rice exports.

Vietnamese artworks to go under the hammer in France

The auction’s highlight is Les Rapides de Cho Bo, a six-panel lacquer screen with gold highlights, painted in 1942 by Le Quoc Loc. The artwork is estimated to fetch €400,000 ($396,000), the highest price of the lot.

A pearl in mountainous province

Referred to as the “Halong Bay of the northwest region”, Nong Dung Lake has recently been attracting tourists as an ecotourism destination due to its emerald water and poetic scenery.
back_to_top