Vietnam reported trade expansion in first four months
Vietnam’s trade revenue is estimated at 125.41 billion USD in the first four months of 2017, a year-on-year increase of 20.1 percent, said the General Department of Vietnam Customs.
It consists of 61.34 billion USD from exports, up 15.4 percent, and 64.07 billion USD from imports, up 24.9 percent from a year earlier. Key export commodities include telephones and components, textile and garment, footwear, and transport vehicles and spare parts.
In April, overseas shipments of telephones and components were about 3.6 billion USD, rising by 16.4 percent from the previous month. That added up to 11.37 billion USD in total exports of these items in four months, up 0.3 percent year on year.
Although this month’s exports of textile and garment dropped 12 percent from March to 1.85 billion USD, it still posted an annual rise of 9.1 percent to 7.47 billion USD between January and April. A monthly decline, 3.8 percent, was also recorded in footwear exports which stood at 1.05 billion USD in April. However, total exports still went up 9.6 percent on the yearly basis to 4.17 billion USD. Meanwhile, main import items were machinery, equipment, tools and spare parts, computers, electronic products and components, fabric, steel, plastics, and garment and footwear materials.
In April, the import turnover of machinery, equipment, tools and spare parts fell 0.2 percent month on month to 3.25 billion USD, which totalled 11.32 billion USD in four months – up 38.9 percent compared to the same period last year. About 2.85 billion USD was spent to import computers, electronic products and components in April, representing a 4.6-percent monthly decrease. It is estimated at 10.45 billion USD in the four-month period, hiking 24.7 percent year on year.
Some 1.6 million tonnes of steel worth 945 million USD were imported this month, respectively increasing 8.7 percent and 8.2 percent from March. The import volume has approximated 5.8 million tonnes, down 5.9 percent year on year, with turnover of 3.3 billion USD, up 24.7 percent, since the beginning of 2017.
22:57, 2024/11/29
Hanoi controls fruit traders to ensure safety
By encouraging all stakeholders to co-operate, Hanoi aims to improve food safety standards and protect public health.
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.
- US reiterates Vietnam is not manipulating currency
- Vietnam, Brazil: Building bridges through shared history and new partnerships
- Hanoi to attract tourists by showcasing local specialties at wholesale markets
- National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
- Vietnamese goods in rising demand among Hanoi residents
- Hanoi unveils 2024 rural industrial plans