Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BCHUSD, Bitcoin and Cryptocurrencies

BUY & SELL BCHUSD | View BCHUSD News & Updates


Buy Sell BCHUSD, Bitcoin and Cryptocurrencies

Export turnover increases 23.2%   2010-09-27 - Viet Nam News

The country’s export turnover reached an estimated US$51.5 billion during the first nine months of the year, an increase of 23.2 per cent compared to the same period last year, reported the General Statistics Office.

Packing rice for export at Tien Giang Food Company. The country’s export turnover reached an estimated US$51.5 billion during the first nine months of the year, an increase of 23.2 per cent compared with the same period last year, reported the General Statistics Office. (Photo: VNS)

Packing rice for export at Tien Giang Food Company. The country’s export turnover reached an estimated US$51.5 billion during the first nine months of the year, an increase of 23.2 per cent compared with the same period last year, reported the General Statistics Office. (Photo: VNS)

The domestic sector earned $24.1 billion, a 19.7 per cent increase, while the foreign-investment sector fetched $27.35 billion (including crude oil), a 26.5 per cent increase.

Export commodities earned more than $1 billion in revenue.

Coffee, cassava and cassava products, and crude oil declined in export turnover in comparison to the same period last year.

The country imported $60.1 billion in commodities during the first nine months, an increase of 22.7 per cent compared to the same period last year.

Imported commodities that earned the highest import turnovers included textiles, up 26 per cent ($3.84 billion); electronics, computer and computer accessories, 30.6 per cent ($3.509 billion); metals, 72.8 per cent ($1.832 billion); and plastics, 36 per cent ($2.726 billion).

According to the GSO, the trade deficit was restrained to $8.6 billion during the first nine months of the year, which accounted for only 16.7 per cent of the total export and import turnover.

The GSO’s Commerce Department director Le Minh Thuy said the current trade balance lacked equilibrium as export turnover rose due to inflated prices of several export commodities, including crude oil, cassava, coal, pepper and cashew nuts.

Gold and gold products accounted for a major proportion of export revenues. If the GSO did not include gold exports, the trade deficit during the first nine months of the year would have been $11.4 billion instead of $8.6 billion.

Thuy said tough policies concerning import controls needed to be implemented to ensure the efficient development of the export sector.



Other news

Finance sector e-treasury to be set up in 2020   2010-09-27

Ministry orders resort review   2010-09-27

Steel industry‚Äôs power use sparks debate   2010-09-27

BUSINESS IN BRIEF 27/9   2010-09-27

Businesses bristle at high interest rates   2010-09-27

Unclear trends, Circular 13 darken investor sentiment   2010-09-27

SCIC to sell capital in 90 State-owned enterprises   2010-09-27

False FIE losses reported   2010-09-27

Ministry orders resort review   2010-09-26

Consumer price index leaps 1.31% in September   2010-09-25

Stock still fall on slim volumes   2010-09-25

FDI disbursement tops $8 bil first nine months   2010-09-25

BUSINESS IN BRIEF 25/9   2010-09-25

Air Mekong to sell fares online from Thursday   2010-09-25