Sun. Jun 16th, 2024

Of the figure, the export of foreign-invested businesses (excluding
crude oil) was 11 billion USD, up 27.5 percent, according to the
Import-Export Department under the Ministry of Industry and Trade

In February, the country’s export reached
7.5 billion USD, down 34.6 percent from the previous month and 9.2
percent year-on-year due to the nine-day long Lunar New Year festival.

Mobile phones and bags were the largest foreign currency earners during the period.

The MoIT’s statistics also showed that Vietnam enjoyed a two-month
trade surplus of over 1.67 billion USD, equivalent to 8.8 percent of
the total export turnover.

The country saw trade
deficits in Asian markets, including China (2.8 billion USD), ASEAN
(195.6 million USD), the Republic of Korea (1.62 billion USD), and
Taiwan (1.03 billion USD).

To fulfill 2013 export
targets, the MoIT will focus on attracting investment to support
industries and simplifying administrative procedures relating the grant
of certificate of origin (C/O).

It will work hard
to expand export markets and improve forecasts on domestic and foreign
markets while stepping up border trade activities.

According to MoIT Deputy Minister Ho Thi Kim Thoa, the ministry will
speed up trade promotion activities to help local businesses seek more

By vivian