FDI sector enjoys trade surplus of US$10.3 billion over five-month period
VOV.VN - The import-export value of foreign direct investment (FDI) firms reached US$187.3 billion during the five months of the year, representing a year-on-year rise of 14.3%, with exports growing by 13.3% to US$98.8 billion, according to the General Department of Vietnam Customs.
FDI enterprises raked in a total of US$9.24 billion from exports during the first half of May, a decline of 30.1% compared to the second half of April.
By mid-May, FDI firms grossed a total of US$98.8 billion from exports, a rise of 13.3% against the same period from last year, and accounting for 73.1% of the country’s overall export turnover.
Meanwhile, FDI firms’ total import turnover soared by 15.4% to US$88.5 billion compared to last year’s corresponding period, duly making up 65.4% of the country’s total import turnover.
With these positive figures from the beginning of the year to May 15, FDI enterprises racked up a trade surplus of US$10.3 billion.
At present, FDI sector has significantly contributed to the nation’s leading export groups, including phones and components, computers, machines and equipment, garments and textiles, and footwear.
Last year witnessed the country’s exports edge up by 19% to US$336.3 billion compared to 2020, with the FDI sector remaining the main pillar of export.
According to the Ministry of Industry and Trade, despite enduring a sharp increase, the country’s exports tend to heavily rely on the FDI sector in recent years.
Specifically, the FDI sector’s export turnover surged by 21.1% to US$247.5 billion, making up 73.6% of total export turnover, while the export turnover of domestic enterprises stood at an estimated US$89 billion, up 13.4%.
This figure was lower than the country’s overall export growth and only made up 26.4% of total export turnover.
