Vietnam’s Exports gain 12.8 percent in Q1 – 2017


Hanoi (VNA) – Vietnam’s export revenue in the first quarter of 2017 rose 12.8 percent against the same period last year to 43.7 billion USD, according to the General Statistics Office of Vietnam.

The foreign direct investment sector (including crude oil) contributed most of the export revenue, 31.4 billion USD or 71.85 percent, up 13 percent while the state owned sector earned 12.3 billion USD, representing a year on year increase of 12.1 percent.

Positive growth was seen in several key export earners and agricultural products, including textiles and garments which brought home 5.6 billion USD, up 10.2 percent; electronics, computer and components, 5.3 billion USD, up 42.3 percent; footwear, 3.1 billion USD, up 10.5 percent; coffee, 1.1 billion USD, 30.7 percent; and vegetables, 671 million USD, 24.3 percent. 

Vietnam’s export turnover in 2016 is estimated at 175.9 billion USD, an 8.6 percent year-on-year increase.

Source: VNA

Photo: CBR Investment AG