Exports gain 12.8 percent in Q1

Vietnam’s export revenue in the first quarter of 2017 rose 12.8 percent against the same period last year to US$43.7 billion, according to the General Statistics Office of Vietnam.

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The foreign direct investment sector (including crude oil) contributed most of the export revenue, US$31.4 billion or 71.85 percent, up 13 percent while the state owned sector earned US$12.3 billion, representing a year on year increase of 12.1 percent.

Positive growth was seen in several key export earners and agricultural products, including textiles and garments which brought home US$5.6 billion, up 10.2 percent; electronics, computer and components, US$5.3 billion, up 42.3 percent; footwear, US$3.1 billion, up 10.5 percent; coffee, US$1.1 billion, 30.7 percent; and vegetables, US$671 million, 24.3 percent. 

Vietnam’s export turnover in 2016 is estimated at US$175.9 billion, an 8.6 percent year-on-year increase.

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