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Mobile phones and components have remained its top position in Viet Nam's exports in the first four months of this year, according to the General Statistics Office of Vietnam. — Photo baodautu.vn
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HA NOI (Biz Hub) — Mobile phones and components have garnered the top position in Viet Nam's exports with a turnover of US$7.7 billion during the first four months of this year.
As reported by Dau Tu (Investment) newspaper, the General Statistics Office of Vietnam recently announced that in April, the country is forecast to have an export turnover of US$12.2 billion, a 23.2 per cent increase as compared to the same month last year.
Exports of foreign direct investment (FDI) sector, including crude oil, alone reached US$30.4 billion, recording a 17.2 per cent increase as compared to the same period last year.
The statistics showed that processed and assembled products are still the main exports. Textile ranked second with a turnover of US$5.9 billion, followed by footwear with US$2.9 billion.
Exports of other products have also shown an increase in comparison with the same period of 2013. Seafood reached US$2.2 billion, up 32 per cent as compared to the same period last year. Coffee gained US$1.6 billion, a 29.5 per cent increase, while wood and wooden products reached US$1.9 billion, with an increase of 22.4 per cent in comparison with the same period of 2013.
In the first four months of 2014, the total export turnover is estimated to reach US$45.7 billion, experiencing an increase of 16.7 per cent in comparison with the same period of 2013.
Meanwhile, Viet Nam's imports are forecast to reach US$12.6 billion in April, contributing a total amount of US$45.1 billion in the first four months of this year. It has seen an increase of 13.7 per cent as compared to the same period last month.
Imports of FDI sector are forecast to reach US$26.3 billion, experiencing an 18.2 per cent increase in comparison with the same period last year.
April's trade deficit is forecast to reach US$400 million, and the trade surplus in the first four months of 2014 is estimated to reach US$683 million.
Trade surplus of FDI sector, including crude oil, reached US$4.1 billion, experiencing an increase of 11.5 per cent in comparison with the same period last year. However, the trade deficit of domestic enterprises is US$3.4 billion, recording an 18 per cent decrease as compared to the same period in 2013. — VNS
| Viet Nam appeared as an emerging market on Apple's quarterly conference call on April 23, with its sales up 262 per cent in the first half of the fiscal year. Along with India, the country saw iPhone sales more than double during the period, according to appleinsider.com |