16 export items surpass US$1 bil in eight months

The Vietnam Customs has announced a list of 16 export items surpassing US$1billion in the past eight months.

The garment and textile sector, it said, earned more than US$9.8 billion, up 8 percent against the same period last year, followed by telephones (US$7.4 billion) and crude oil (US$5.5 billion).

The sector’s export earnings in August alone rose 6 percent to US$1.52 billion over the previous month.

In 2011, it surpassed US$15.6 billion, accounting for 17 percent of the country’s total export turnover, achieving a five-year record growth of more than 38 percent. This year, the sector is expected to fetch US$15 billion in export value.

Two other commodities surpassing US$1 billion are plastics and steel. Bags, suitcases, umbrella, cassavas, and cashew nuts are also expected to join this group soon.