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According to the General Department of Customs, the country’s export turnover
increased by 16.3 percent year-on-year to 114.2 billion USD in the reviewed
period.
Twenty commodities have posted export revenue of over 1 billion USD so far. They
included phones and components (22.5 billion USD); computers, electronic
products and components (13.45 billion USD); textile-garment (13.42 billion USD);
machinery, equipment, tools and spare parts (7.8 billion USD); and footwear
(7.79 billion USD).
In terms of imports, the country spent 110.83 billion USD on importing goods
from January to June, up by 9.6 percent.
According to the Ministry of Industry and Trade (MoIT), domestic businesses
reported a 19.9-percent rise in their exports by shipping 33.07 billion USD
worth of goods abroad over the first half. Meanwhile, FDI enterprises earned
80.86 billion USD from exports, up 14.5 percent in the corresponding period last
year.
The ministry said there are many favourable conditions for export throughout the
rest of the year.
Agricultural and fishery exports often increase in the middle and peak at the
end of each year. Industrial products with big export revenues, like
textile-garment, footwear, and wood products, have entered their export season
since the second quarter, it noted.
Additionally, the Comprehensive and Progressive Agreement for Trans-Pacific
Partnership and the EU-Vietnam Free Trade Agreement, expected to take effect in
2019, have been already been catalysts for foreign direct investment that could
help Vietnam further boost its production capacity, it added.
The ministry forecast this year’s exports at 236.6 billion USD, up 10 percent
against 2017.
Source: VNA
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