6 June 2017 - VGP – By Thuy Dung
Viet Nam gained US$79.3 billion from exporting in the first five months of 2017, a year-on-year increase of 17.4%, according to the Ministry of Industry and Trade.
Export items witnessing sharp increases included rubber up 60.8%, coal up 54.4%, crude oil up 34.8%, coffee up 31.9% and cashew up 24.7%.
The exports of key agricultural products and mineral and ores saw rises of US$627 million and US$377 million, respectively.
After five months, 17 items joined the US$1 billion export club, consisting of manufactured and processed products US$64.18 billion, up 18.7%, phones and spare parts US$16.048 billion, up 12%, garments and textile US$9.4 billion and electronics and accessories US$9.4 billion.
Viet Nam’s key export markets included Asia US$40.17 billion, up 25%, Europe US$15.59 billion, up 8.7% and America up 12.5%.
Viet Nam earned US$10.5 billion from exporting to China, up 40.3%.
The export value of the Foreign Direct Investment (FDI) and State sectors reached US$57.25 billion and US$22.04 billion, up 19% and 13.6%, respectively.
Source: VGP News
Illustration Photo: coffee plant in the Vietnamese Central Highlands (credits: Joe Coyle / Flickr Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0))