Total export value increased 14.5 per cent year-on-year to USD 155.4 billion during the period. Of which, the domestic economic sector achieved a year-on-year surge of 17.4 percent to USD 45.11 billion, while the foreign direct investment (FDI) sector gained USD 110.3 billion, an increase of 13.4 percent.
The FDI sector had lower growth in export value against the domestic sector but it holds 71 percent of total national export value.
Many key exports gained high growth, such as telephones and parts, up 15.7 percent to USD 30.9 billion; and electronic products, computer and their parts, up 14.2 percent to USD 18.4 billion.
The export value of garments was estimated at USD 19.42 billion, increasing 14.9 percent compared to the same period last year.
Vietnam also saw strong growth for some farming products, including fruits and vegetables (up 14.8 percent to USD 2.7 billion) and rice (up 23.6 percent to USD 2.2 billion).
However, other commodities faced difficulty increasing export value due to falling global prices. Coffee export fell 3.1 percent in value to USD 2.5 billion, though they increased 14.8 percent in volume while rubber fell 12.1 percent in value to USD 1.2 billion despite a 7.9 percent rise in volume. Pepper exports also dropped 35.7 percent in value to USD 584 million while surging 4.7 percent in volume.
Crude oil export fell in both volume and value by 46.6 percent and 24.6 percent, respectively, compared with the same period last year.
Meanwhile, the country’s imports rose 11.6 percent year-on-year to USD 152.6 million. Of which, the domestic sector’s value reached USD 61.85 billion, up 11.8 percent while the FDI sector stood at USD 90.81 billion, up 11.4 percent.
Imports mainly served production of export products in the FDI sector. The country bought USD 26.9 billion of electronic products, computer and parts, up 13.7 percent; USD 9.3 billion for telephone and parts, up 4.3 percent; and USD 8.5 billion for cloth, up 16.1 percent.
Some others for the domestic production had high growth, including steel (up 10.2 percent to USD 6.7 billion), plastic (up 17.1 percent to USD 5.8 billion), petrol and oil (up 26.4 percent to USD 5.7 billion), metal products (up 35.9 percent to USD 5.3 billion), and chemical products (up 26.3 percent to USD 3.3 billion).
Vietnam’s trade surplus in the first eight months was estimated at more than USD 2.75 billion.
Source: VNA