Vietnam is expected to see an export turnover of 131 billion USD this year, representing a 14 percent increase from 2012.
According to forecast by the Ministry of Industry and Trade (MoIT),
turnover would be four percent higher than the target set by the
National Assembly earlier this year.
Its figures revealed that
in the first nine months of the year, Vietnam’s export turnover was
96.46 billion USD, a 17.5 percent rise over the same period last year.
The processing industry accounted for 69.7 percent of the
total, with turnover of 67.24 billion USD, representing 26.4 percent
year-on-year increase.
Head of the ministry’s Planning
Department Nguyen Tien Vy said the industry was the standout performer
in the total import-export turnover.
Mobile phone and landline export turnover rose 75.5 percent, while computers and spare parts saw a 45.3 percent surge.
Nguyen Tien Vy said exports to the EU market in the nine-month period
saw the highest growth rate at 22 percent, following by America (14
percent) and Asia (13 percent) against the corresponding period last
year.
The foreign direct investment sector retained its leading
position in exports, accounting for 60.5 percent of the total during
the period.
Garments and textiles, shoes, computer, electronic
products and spare parts from the sector made up 44 percent of the
total.
Head of the Import-Export Department Phan Van Chinh
added that businesses had taken advantage of commercial trade agreements
to accelerate exports.
Specifically, items which enjoyed
advantages from Certificates of Origin (C/O) last month reached 60
percent. In the Republic of Korea market, the rate was up to 90 percent,
while that in ASEAN and Japan, 55 percent.
Phan Van Chinh said
export turnover had been on an upward trend, as the country’s exports
traditionally surge in the last months of the year.
However, he
suggested that enterprises should further make use of preferential
treatment gained from signed commercial trade pacts. In addition,
management agencies should further reform administrative procedures to
help grant businesses C/O.
He also called for tax payment difficulties to be resolved and guarantees to be given to exporters.-VNA