Vietnam sees three more exports each exceed US$1 billion in revenue
Three more Vietnamese exports saw their revenues surpass US$1 billion after the first two months of 2017, according to data released by the Ministry of Industry and Trade.
They include machinery, transport vehicles and timber products which generated a combined revenue of US$3.986 billion, raising Vietnam’s total export revenues to US$27.3 billion in the January-February period.
Of the US$27.3 billion, domestic enterprises contributed US$7.6 billion, up 12.2% while the foreign sector brought in US$19.7 billion (including oil revenues), up 16.8% over the same period last year.
The above-mentioned goods complement a list of US$1 billion-plus exports which includes mobile phones, garments, footwear items and electronic products whose aggregate revenues hit US$13.6 billion in the first two months of 2017.
Mobile phones were the top-performing export, bringing in approximately US$4.83 billion, a year-on-year increase of 2.6%, while the garment industry came second with US$3.657 billion, up 12.2%.
According to the Vietnam Textile and Apparel Association, the sector’s export revenues in the first quarter of the year are usually boosted by large orders.
In the first two months of January and February, revenues of electronic exports rose 34.4% to hit US$3.1 billion while footwear products also earned more than US$2 billion, up 10.7% year on year.
Source: Nhan Dan
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