According to the Industry Ministry, in the first quarter of this year Vietnam earned 7.94 billion USD from exporting industrial products, up by 18% compared to the same period last year. The figure accounted for 75.7% of the country’s export turnover.

Major industrial export items maintained a high growth rate compared to last year: textile and garments – 1.6 billion USD (up by more than 30%); plastic products – 144 million USD (increase of 48.5%); wooden products – 584 million USD (+25%); and electronics, computer accessories – 441 million USD (+17%).

Revenue from exporting crude oil saw a decrease of around 14% due to lower prices agreed upon in contracts signed in late 2006 – prices were 5-8% lower than the first quarter of 2006.

Source: HNM

Translated by Hoang Anh