Export and investment keep rising
15:00 | 28/10/2008
VGP - Việt Nam’s export turnover is estimated at nearly US $53.8 billion over the past 10 months, a sound growth rate of 36.7% against the same period last year, according to the General Statistics Office. During this period, Việt Nam attracted US $59.31 billion of foreign direct investment (FDI) compared with the annual target of US $60 billion.

Rice, coal, crude oil and textiles are exports with largest revenue, up 83%, 57%, 43% and 20% respectively in the first ten months.

Topping the list of exports with largest turnover are rice (earning US $2.6 billion in the ten months), coal (US $1.2 billion), crude oil ( US $9.2 billion) and apparel (US $7.6 billion).

Some exports saw a sudden growth rate, such as gemstones and precious metals increasing 367% against the same period last year, cooking oil (154%). These two groups earned US $711 million and US $711 million respectively.

In October alone, the country’s export turnover stood at US $5.274 billion, bringing the total figure so far to US $48.674 billion, up 36.7% against the same period last year.

Top three foreign investors in Vit Nam


Number of projects


Total registered capital (bil. US$)



14.8 (25.5%)



8.6 (14.8%)



7.2 (13%)

Major exports of the month included apparel with US $811 million, crude oil: US $808 million, seafood: US $469 million, footwear: US $311 million, electronic products and computers: US $265 million, rice: US $260 million, and furniture: US $220 million.

In regard to investment, in October, Việt Nam licensed 68 projects with a total registered capital of over U S $2 billion, bringing the total number of new projects over the past ten months to 953, worth of US $58.3 billion.

Furthermore, 247 FDI enterprises increased their capital by more than US $1 billion. As a result, in the first ten months of this year, the country attracted US $59.31 billion of registered investment capital.

The FDI capital mainly flew into industries and construction (US $32.5 billion for 512 projects); and services (400 projects, US $25.5 billion).

Around US $9.1 billion of investment capital was disbursed, up 38% against the same period last year.

With an additional recruitment of 16,000 laborers in the ten months, the foreign-invested sector now boasts a labor force of more than 1.43 million./.

By Ngc Vân

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