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Sunday, May 9, 2021

Vietnam’s export revenue in Jan surges 50.5%

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HCMC – Vietnam’s goods exports amounted to US$27.7 billion in January, rocketing 50.5% year-on-year, mainly due to Samsung’s export of S21 mobile phones, according to the General Statistics Office.

Six export products reported revenue of over US$1 billion each, accounting for 67.3% of the total export revenue, news site Vietnamplus reported.

The heavy industry and mining sector earned US$15.6 billion in export revenue, up 71.6%, while the light industry and handicrafts sector generated US$9.7 billion, rising 32.3%.

In addition, the export revenue from agro-forestry products and seafood products was US$1.8 billion and US$600 million, up 21.4% and 19.6%, respectively.

In the first month of 2021, the United States was Vietnam’s largest import market with revenue of US$7.5 billion, jumping 57.4% over the same period last year, followed by China with US$5.8 billion, the European Union with US$2.8 billion and ASEAN with US$2.3 billion.

Meanwhile, the country spent US$26.4 billion on imports, down 5.4% over the previous month but surging 41% year-on-year.

Four products had an import turnover exceeding US$1 billion each, making up 50.6% of the country’s total import turnover.

China remained Vietnam’s largest supplier with a turnover of US$9.6 billion, soaring 72.7% over the same period last year. South Korea came in second with US$5.1 billion, followed by ASEAN with US$3.4 billion and Japan with US$2 billion.

Thus, Vietnam enjoyed a trade surplus of US$1.3 billion this month, with domestic enterprises recording a trade deficit of US$1.8 billion, while foreign-invested firms posted a trade surplus of US$3.1 billion.

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