Export value in 11 months exceeds yearly target

VGP – Viet Nam gained US$19.2 billion from exporting in November, raising the total export turnover to US$193.75 billion in 11 months, a year-on-year increase of 21.1%, according to the Ministry of Industry and Trade.

December 06, 2017 5:18 PM GMT+7

Photo: VGP/Thuy Dung

The figure exceeded the export target set for the year of earning US$188 billion.

The export values of the State and Foreign Direct Investment (FDI) sectors reached US$53.09 billion and US$140.66 billion, witnessing respective growths of 16.8% and 22.8%.

As of November 2017, the nation’s total import turnover was estimated at US$191 billion, including US$170.63 billion for necessary import items, up 22.2% and US$11.16 billion for controlled items, up 7.9%.

The nation enjoyed a trade surplus of US$2.8 billion, equal to 1.4% of the total export turnover.

The Ministry of Industry and Trade forecasted that the nation may earn US$210 billion from exports for the whole year, up 18.9% from 2016.

By Thuy Dung