Five-month exports hit US$42.9 bln.

VGP - The total export turnover for the past five months fetched nearly US$42.9 billion, representing a year-on-year increase of 24.1%, according to the Ministry of Industry and Trade (MoIT).

June 04, 2012 7:57 AM GMT+7

In May alone, export value reached US$9.1 billion, up 1.5% compared to the previous month and 25.8%against the same period last year, with foreign-invested businesses contributing US$4.78 billion (excluding crude oil).

The MoIT said that the average export prices have also risen, including pepper (up 24%), crude oil (10.3%), petrol (12.4%) and minerals (230. 2%). However, cashew nut, coffee and tea prices fell during the period.

Vietnam’s key markets in May were Japan (up 41.6%), the US (up 19.8%), EU (21.6%), ASEAN (19.5% ) and China (33.3%)./.