Export of FDI enterprises accounts for nearly 70% of total export turnover

Trade balance of goods of FDI enterprise sector in 4 months of 2019 increases up to 9.85 billion USD …

In the first 4 months of 2019, the export value of FDI enterprises reaches nearly 55 billion USD, increasing 4.3% in comparison with the same period last year and accounting for nearly 70% of Vietnam’s total export value.

According to the latest report from the General Department of Customs, after one third period of 2019, the total import-export turnover of goods in the whole country reaches nearly 158 billion USD, increasing 8.7% YoY.

In particular, the value of export goods reaches 79.24 billion USD, increasing 6.5% and the value of import goods reaches 78.48 billion USD, increasing 10.9%.

Notably, the total value of imports and exports of enterprises with foreign direct investment (FDI) in April 2019 has reached 25.45 billion USD, decreasing 10.1% compared to the previous month.

In the first 4 months of 2019, the total value of imports and exports of FDI enterprises has reached nearly 100 billion USD, increasing 5.6%, equivalent to an increase of 5.32 billion USD compared to the same period in 2018.

In particular, export goods of this sector in April reaches 13.87 billion USD, decreasing 14.1% compared to the previous month, making the export value of this sector in 4 months of 2019 reach 54.92 billion USD, increasing 4.3% compared to the same period last year.

Thus, only the export value of FDI enterprises has accounted for nearly 70% of the total export value of the country.

In the opposite direction, the import value of FDI enterprises in April 2019 reaches 11.59 billion USD, decreasing 4.8% comparing to the previous month.

For 4 months, the import value of this sector has reached 45.07 billion USD, increasing 7.2% comparing to the same period in 2018.

Import value of FDI enterprises also accounts for 57.4% of the total import value of the country.

From the above figures, according to the General Department of Customs, the trade balance of goods of FDI enterprises in April 2019 achieves a surplus of 2.28 billion USD.

The trade balance in the first 4 months of 2019 of this business sector has achieved a surplus of 9.85 billion USD.

According to Tuan Long

Vneconomy

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