CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Export turnover in 4 months to reach US$145 billion
Ngoc Thuy 19:57, 2018/04/29
In the first 4 months, Vietnam`s export turnover is expected to reach US$144.13 billion, up 14.4% compared to the same period of last year, said the General Department of Vietnam Customs (GDVC).
Total trade turnover in April is estimated at US$35.7 billion, down 10.8% compared to the previous month.
 
​Export turnover in 4 months to reach US$145 billion.
​Export turnover in 4 months to reach US$145 billion.
Consequently, export turnover in April reached US$18.2 billion, down 13.9% compared to previous month and import turnover of US$17.5 billion, down 7.3% compared to previous month. 

Vietnam is forecasted to have a trade surplus of US$700 million in April, taking the total trade surplus in the first four months to US$3.39 billion.

Main export products in April, according to the GDVC are smart phones and accessories with US$4 billion, down 24.1% compared to previous month. In the first four months, trade turnover reached US$16.59 billion, increasing 36.8% year on year; textile & garment reached US$2.2 billion in April alone, down 5.1% compared to previous month; in the first four months, trade turnover accounted for US$8.6 billion, increasing 15.7% year on year. Computers, electronic devices and accessories are posted at nearly US$2 billion in April, down 11.1%.

Main import products in April are computers, electronic devices and accessories, which are US$3 billion in April, down 18.9% compared to previous month. It is estimated that in the first four months of 2018, its import turnover reached US$13.42 billion, increasing 22.3% year on year; Equipment, devices, and accessories are estimated at US$2.6 billion in April, down 4.4% compared to previous month, taking the figure in the first four months to US$10.16 billion, down 7.4% year on year; smart phones and accessories were US$1.1 billion in April, increasing 12.2% compared to previous month, resulting in an import turnover of US$4.42 billion in the first four months, up 9.8% year on year. 

State budget revenue from trade activities in the April reached VND19 trillion (US$838.8 million), stated the State Treasury, resulting in the number in the first four months at VND87.6 trillion (US$3.86 billion), equivalent to 31% of estimation and 29.9% of the target. 

Following the statistics, total state budget revenue in the first four months reached VND90 trillion (US$3.97 billion), down 1.74% compared to the same period of last year. 

In 2018, GDVC set revenue target of VND283 trillion (US$12.4 billion), while the Ministry of Finance Dinh Tien Dung expected the actual revenue to be at least 3 - 5% higher. 
Comments
Other news
18:45, 2024/11/28
Vietnam, Hesse (Germany) promote high-tech cooperation
Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.
15:34, 2024/11/27
Big discounts on offer at Hanoi's November Promotion Festival
The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.
17:23, 2024/11/26
Hanoi unveils 150 most popular Vietnamese products and services for 2024
The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.
16:50, 2024/11/23
Hanoi hosts the Vietnam Regional Specialties Fair 2024
This year's fair will contribute to the promotion of trade and the expansion of typical regional products, especially agricultural and food products that meet export standards.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
10:49, 2024/11/16
US reiterates Vietnam is not manipulating currency
The US Treasury Department’s positive evaluation underscores Vietnam’s progress in balancing its economic and monetary policies while fostering strong bilateral relations with the US.