Exports witness robust growth amid positive signs for FDI attraction

VOV.VN - There were optimistic signs recorded in exports and foreign direct investment (FDI) attraction in the opening 11 months of the year, the General Statistics Office (GSO) said on November 29 announcing Vietnam’s major socio-economic indicators for November and 11 months.

The GSO revealed that the country shipped US$299.67 billion worth of goods overseas in 11 months, representing a year-on-year rise of 17.5%.

As many as 34 products recorded an export value of over US$1 billion each, with seven items fetching over US$10 billion in turnover each.

November alone witnessed export turnover reach US$29.9 billion, marking a rise of 3.6% from the previous month and 18.5% against the same period from last year.

The United States remained Vietnam’s largest export market throughout the reviewed period, followed by China, the European Union, ASEAN, the Republic of Korea (RoK), and Japan.

Meanwhile, Vietnam imported goods worth US$299.45 billion during the 11-month period, up 27.5% year on year, with 43 imported items grossing over US$1 billion in value each.

China retained its position as the country’s largest import market spending US$98.5 billion, followed by the RoK, ASEAN, Japan, the EU, and the US.

Vietnam also enjoyed a trade surplus of US$100 million in November, thereby bringing the 11-month trade surplus to US$225 million.

Most notably, there were positive signs in terms of foreign direct investment (FDI) inflows into Vietnam, demonstrating foreign investors’ strong trust in the Vietnamese investment environment despite the impact of the COVID-19 pandemic.

FDI inflows into the country during the 11-month period surged by 0.1% to reach US$26.46 billion against the same period from last year, while Vietnamese investment overseas totaled US$677.3 million, a year-on-year rise of 38.1%.

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