Q1: FDI sector exports over US$ 41 bln
15:47 | 22/04/2019

VGP – In Q1, FDI enterprises made an estimated export turnover of US$ 58.51 billion, representing a year-on-year rise of 4.7 %, the Ministry of Industry and Trade (MoIT) reported. 

Illustration photo

Including crude oil, the FDI sector earned US$41.46 billion of export turnover, occupying 70.9% of total export volume. 

Overseas shipment of the processing and manufacturing industry grew 6.1% in Q1, contributing 83.8% of total export turnover. 

Nine commodities earned over US$ 1 billion of export turnover of which seven gained over US$ 2 billion of export turnover. 

The MoIT reported that in Q1, FDI enterprises engaged in 18 sectors especially the processing and manufacturing industry which absorbed US$ 8.4 billion, accounting for 77.7% of total registered capital.

On the other hand, in Q1, the FDI sector imported US$ 33.89 billion of goods, up 6% against the same period last year. 

Hence, in the first three months, the  sector ran a trade surplus of US$ 7.57 billion./.  

By Khanh Phuong 


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