Vietnam’s export revenue up 4.1% in first half of January

Hanoi: Vietnam had shipped 15.08 billion USD worth of products overseas as of January 15, a year-on-year increase of 4.1%, the General Statistics Office announced on January 29. Foreign firms occupied 11.06 billion USD, up 1.9% against the same time last year, while the domestic sector made up 4.02 billion USD of the total, a year-on-year rise of 10.4%. During the period, the country enjoyed a trade surplus of 0.38 billion USD as compared to the 0.73 billion USD recorded in the same time last year. Exports posting earnings of more than 1 billion USD included telephones and components (2.86 billion USD, up 6.7% year-on-year); electronics, computers and components (over 2.24 billion USD, up 22.1%), garment and textile (1.29 billion USD, down 17.8%), and machinery, equipment, tools and spare parts (1.63 billion USD, down 4.6%). The Ministry of Industry and Trade is eying 377 billion USD in export revenue in 2024, rising 6% from 2023. The general statistics office said the ministry should complete mechanisms and policies to create favourable macro-economic environment for exports, and develop a sound business climate for enterprises. The sector should work to reduce the risks posed by trade defence investigations from importers towards sustainable export growth, enhance forecast and give early warnings to businesses whose products are at risks of being investigated. Besides, it is necessary for the ministry to pen additional tax incentives, especially for machinery and equipment purchased from the markets that Vietnam are running trade surplus with./. Source: Vietnam News Agency

  • admin

    Related Posts

    Thai Transport joins forces with international organizations to transform the future of Asian highways

    Permanent Secretary of the Ministry of Transport opened the 5th International Conference on Highway Engineering (iCHE 2024) under the theme ‘Future-proofing Roads for Asia and Beyond’ to upgrade highway transport infrastructure to international stand…

    Pointing out that there are still around 20 influential people’s stickers that pay bribes to officials.

    The Land Transport Federation of Thailand opposes all forms of bribery, and stated that there are still around 20 influential people’s stickers that pay bribes to officials and have not been investigated.

    Following up on the fact-finding request fro…