HA NOI (VNS) — Exports from Ha Noi have recovered in the three consecutive months following four months of decline from May to August this year.
According to the city's Department of Industry and Trade, the total export turnover of the city in the first 11 months this year was estimated at US$10.2 billion, increasing 3.1 per cent compared to the same period last year.
The growth was still lower than the year's target of between eight and nine per cent, however, it was higher than the increase of export turnover in the first 10 months (1.5 per cent) and nine months (0.2 per cent).
Exports of the state-owned sector reached $3.1 billion, accounting for 30.8 per cent over the total export revenue of the city, increasing 2.2 per cent year-on-year.
Meanwhile, exports of the foreign direct investment (FDI) sector were estimated at $5 billion, accounting for 49.5 per cent of total export turnover of the city, up 3.8 per cent from the same period last year.
Commodity groups, which had growth higher than the city's target, include garments and textiles, footwear and leather products and glass products.
Garments and textile exports grew 15.3 per cent year-on-year after boosting exports to the US market (up 28.6 per cent) and Japan (9 per cent).
Exports of footwear and leather products increased by 9.2 per cent due to increasing exports to the US and Chinese markets.
Glass and its products rose by 8 per cent as exports to the markets of Singapore, China and the United States were higher.
The farm produce sector, despite declining in export revenue in the first eight months of this year, saw recovery for three consecutive months as its export value increased 6 per cent in the first 11 months.
As prices of both pepper and cashew nuts rose, their export turnover increased at a high rate of 35 per cent, significantly offsetting the sharp decline of other key farm produce like rice, tea and coffee.
The electronic components and peripheral equipment sector increased 2.2 per cent as exports to key markets rose, such as Hong Kong (up 23.8 per cent), Japan (6 per cent) and the US (23.1 per cent). — VNS