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Viet Nam scores impressive performance in January.
06/08/2010 - 140 Lượt xem
The country earned an export value of 2.8 billion USD in January, of which 640 million USD came from crude oil, according to the Ministry of Trade.
Garment and textiles, despite of difficulties in exports last year, grossed 370 million USD, of which 152 million USD raked in from the potential US market or a 64 percent rise over the same period last year.
Economists predicted that such products as electrical cables, bike spare parts and plastic products would post remarkable export values in coming months.
The country also saw bright signs last month in investment with 440 million USD from foreign investment as of January 22.
“Once the Investment Law and the Enterprise Law take effect on July 1, we can expect a new flow of investment from traditional investors, like Japan, Taiwan and the Republic of Korea,” said Deputy Head of the Foreign Investment Department Nguyen Anh Tuan. Consumer price index (CPI) in January, the month hosted Lunar New Year (Tet) Festival, slightly rose by 1.2 percent, with foodstuff marking a 1.4 percent increase, and beverage, 1.3 percent.
The Ministry of Trade projected that retail sales of goods and services fetched up to 46.3 trillion VND, a 26.4 percent increase over the same period last year, owing to growing purchase power for Tet.
Market researchers forecast that CPI in February would double that of January before declining gradually.
Source: Vietnam agency, 6/2/2006
