Lancang-Mekong CooperationNews > Economic outlook

Vietnam's export turnovers up 15.8 pct in first 5 months

HANOI
2018-05-29 13:56

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Vietnam gained export turnovers of roughly 93.1 billion U.S. dollars in the first five months, posting a year-on-year surge of 15.8 percent, the General Statistics Office announced on Tuesday.

Specifically, the domestic economic sector reaped export turnovers of over 26.4 billion U.S. dollars, up 17.8 percent, and foreign-invested sector nearly 66.7 billion U.S. dollars, up 15 percent.

Vietnamese products with high growth in export value in the five-month period included phones and their components (up 19.8 percent to 19.5 billion U.S. dollars), electronic goods, including computers and their components (up 14.2 percent to 10.9 billion U.S. dollars), garments and textiles (up 13.3 percent to 10.7 billion U.S. dollars), footwear (up 7.9 percent to 6.1 billion U.S. dollars), and wood and woodworks (up 10 percent to 2.6 billion U.S. dollars).

Meanwhile, the United States became Vietnam's biggest export market with turnovers of 17.4 billion U.S. dollars, up 9 percent, followed by the European Union with 16.9 billion U.S. dollars, up 13.6 percent, and China with 13.8 billion U.S. dollars, up 30.8 percent, said the office.
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