As a result, the country’s total export value in the first seven months of this year increased to US$36.8 billion, a 38 percent year-on-year increase. Of the figure, foreign invested businesses contributed US$16.5 billion, an increase of more than 40 percent.

Almost all staple exports have recorded high growth rates such as the export of crude oil up 52 percent, and bags, umbrellas and hats up 32 percent.

Electronics and PCs rose by 29.4 percent while exports of textiles and garments went up 20.5 percent.

There was also a strong growth rate in the export of products from gems and precious metals, up more than 5 times, and vegetable oil up 2.5 times.

The export of farm produce like rice, cashew nuts and tea increased by 32.6 percent and pepper exports also rose markedly.

The Ministry of Industry and Trade forecast that an export value of US$61.2 billion for this year is attainable.