News Room - Business/Economics

Posted on 10 Jul 2008

January-June export turnover up 31.8% (Vietnam)

Vietnam's total export turnover in the first half of this year hit US$29.69 billion, up 31.8% compared to the same period last year, according to the Ministry of Industry and Trade.

This is the highest growth of the country's export turnover in recent years. The country's export turnover of the first half of 2007 grew by 19.4% compared to the same period of 2006. It was 25.7% and 17.4% for the first half of 2006 and 2005 respectively.

The domestic invested sector contributed US$12.775 billion, accounting for 43% of the total export turnover while the foreign invested sector reported a growth of 34% compared to the same period last year in export turnover, earning US$16.92 billion.

Many products have reported their export growths higher than the targets set for the whole year, such as rice, cashew nuts, pepper, electronics products and parts and plastic products.

The increase in export prices of many products such as rice, crude oil, coal, coffee and rubber has contributed to the increase in the country's total export turnover in the first six months of this year.