Vietnam moves closer to US$148 bln export goal
Vietnam raked in US$109.63 billion from exports in January-September, moving closer to its goal of US$148 billion which is up around 12% year-on-year and 10 percent against the National Assembly’s target.
The nine-month figure marked a 14.2% annual gain, with US$73 billion contributed by foreign investors, up 14.1%. Earnings from apparels and cell phones are expected to top US$20 billion this year, reported the Ministry of Industry and Trade.
Month-on-month, the export revenue fell by 6.6% to US$12.4 billion in September. However, seafood, pepper, cashew nut and coffee soared roughly 25% in earnings while vegetables expanded by 42.7% on year, said Deputy Director of the ministry’s Agency of Foreign Trade Phan Thi Dieu Ha.
During the nine-month period, Africa beat others to become the fastest-growing importer of Vietnamese goods, notably Egypt and Algeria recording a plus-50% expansion.
As Africa is on track to development, it predominantly bought computers, electronic products and accessories, garment, cell phones, transport vehicles and spare parts, machinery, footwear, construction materials, seafood, coffee and pepper from Vietnam.
Latin America and the Caribbean region are also among Vietnam’s major markets, buying US$25.22 billion worth of goods from the country, a yearly increase of 25%. Chile paid out as much as US$354 million, or a record 132.9% growth that is ascribed to the bilateral free trade agreement valid since January 2014.
Earlier in July, Vietnam shipped US$250 million worth of goods to Chile while spending US$203 million on imports from the South American country. The figures have ended Vietnam’s long-time history of running trade deficit with Chile.
Month-on-month, the export revenue fell by 6.6% to US$12.4 billion in September. However, seafood, pepper, cashew nut and coffee soared roughly 25% in earnings while vegetables expanded by 42.7% on year, said Deputy Director of the ministry’s Agency of Foreign Trade Phan Thi Dieu Ha.
During the nine-month period, Africa beat others to become the fastest-growing importer of Vietnamese goods, notably Egypt and Algeria recording a plus-50% expansion.
As Africa is on track to development, it predominantly bought computers, electronic products and accessories, garment, cell phones, transport vehicles and spare parts, machinery, footwear, construction materials, seafood, coffee and pepper from Vietnam.
Latin America and the Caribbean region are also among Vietnam’s major markets, buying US$25.22 billion worth of goods from the country, a yearly increase of 25%. Chile paid out as much as US$354 million, or a record 132.9% growth that is ascribed to the bilateral free trade agreement valid since January 2014.
Earlier in July, Vietnam shipped US$250 million worth of goods to Chile while spending US$203 million on imports from the South American country. The figures have ended Vietnam’s long-time history of running trade deficit with Chile.