Economy
VN's food processing industry struggles to improve quality and value chain integration
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| Việt Nam recorded a trade surplus of $500 million between the start of January and March 15. — Photo cafef.vn |
Viet Nam News
HÀ NỘI — Việt Nam’s total trade turnover reached US$100 billion between the start of the year and March 19, according to the General Department of Vietnam Customs.
Recently released statistics show the country had a trade turnover of $21.3 billion during the first half of March, up 18.6 per cent against the second half of February.
This result helped to bring the country’s total trade turnover to $93.6 billion by March 15, edging up to $100 billion by March 19 – a surge of 6.3 per cent on year.
The total value of exported goods was $10.95 billion during the first half of March, an increase of 13.6 per cent compared to the second half of February.
A number of export products recorded strong rises in value during the March 1-15 period compared to the second half of February, including telephones and components (up 15.7 per cent), garments and textiles (27.2 per cent), computers, electronic items and components (17.3 per cent), wood and wooden products (39.2 per cent) and means of transport and spare parts (27.4 per cent).
These figures lifted the country’s total turnover of exports to $47.05 billion by March 15, up 5.4 per cent compared to the same period in 2018.
In the first half of March, Việt Nam imported $10.34 billion worth of goods, up 24.5 per cent against the second half of February. By March 15, the total import value for the year reached $46.55 billion, a year-on-year increase of 7.3 per cent.
Export value of foreign direct investment (FDI) enterprises from March 1 to 15 reached $7.82 billion, up 12.7 per cent against the second half of February.
By March 15, the total export value of FDI enterprises reached $32.76 billion, an increase of 2.7 per cent over the same period in 2018, accounting for 69.6 per cent of the country’s total export value.
Import value of FDI enterprises in the first period of March 2019 reached $6.02 billion, an increase of 22.1 per cent compared to the last 15 days of February. As of March 15, 2019, the total value of imports of FDI enterprises reached $27.22 billion, up 4.7 per cent, accounting for 58.5 per cent of the country’s total import value.
Việt Nam recorded a trade surplus of $610 million in the March 1-15 period and $500 million between January and March 15. — VNS
