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Vietnam’s exports surge 4.7 percent in four months

Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated 82.9 billion USD in the first four months of this year, according to the General Statistics Office (GSO).
Vietnam’s exports surge 4.7 percent in four months ảnh 1Cargo containers are loaded at My Thoi Port in the southern province of An Giang (Photo: VNA)
Hanoi (VNA) - Vietnam's export value saw a year-on-year increase of 4.7percent to an estimated 82.9 billion USD in the first four months of this year,according to the General Statistics Office (GSO).

Domestic companies generated 26.4 billion USD from exports during the period,rising 12.1 percent year-on-year and making up 32 percent of the country'stotal export earnings. Meanwhile, exports of foreign-invested firms hit 56.49billion USD, up 1.5 percent and making up 68 percent of the total.

Fifteen groups of products recorded an export value of over 1 billion USD orequivalent to 80.1 percent of the nation’s four-month total earnings. Of them,phones and parts earned the largest export turnover with 16.2 billion USD, up1.1 percent year-on-year. Electronics, computers and components came next with 12.4billion USD, up 28.6 percent year-on-year, followed by textiles and garment (8.9billion USD, down 5.8 percent); machinery equipment and parts (6.9 billion USD,up 29.6 percent); and footwear (5.5 billion USD, up 1.3 percent).

From January to April, the US remained Vietnam's biggest export market,spending 20.3 billion USD on Vietnamese goods, a yearly hike of 13.4 percent.It was followed by China with 13.1 billion USD, up 26.7 percent; the EU with 10.7billion USD, down 8.1 percent and ASEAN nations with 8.2 billion USD, down 3.4 percent,the GSO said in a monthly report.

Per the report, the country's imports expanded 2.1 percent year-on-year to anestimated 79.89 billion USD in the period. Domestic firms spent 33.58 billion USDon imports, up 1.1 percent year-on-year while foreign-invested companies saw ayearly turnover rise of 2.9 percent to 46.31 billion USD.

Electronics, computers and components accounted for 22 percent of the nation’sfour-month imports at 17.8 billion USD, up 12.5 percent over the same periodlast year. Among others were machinery, equipment and parts at 11.5 billion USD,down 0.1 percent; telephones and parts (4.3 billion USD, up 12 percent); cloth(3.6 billion USD, down 10.9 percent); steel and iron (2.9 billion USD, down 6.4percent); plastics (2.8 billion USD, down 1.4 percent) and plastic products (2.3billion USD, up 14.6 percent).

China was Vietnam's largest supplier, selling 22.7 billion USD worth of goodsto Vietnam, down 0.1 percent year-on-year. The Republic of Korea ranked secondby shipping 15.5 billion USD worth of goods to Vietnam, up 2.5 percentyear-on-year, followed by ASEAN countries with 9.9 billion USD, down 7.8 percent.

According to the GSO's report, Vietnam’s trade surplus narrowed to 3 billion USDin January-April./.
VNA

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