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Processing industry remains a key engine for export (19/7)
19/07/2013 - 18 Lượt xem
According
to MOIT’s statistics, Vietnam’s total export turnover in the first half
of 2013 was estimated at US$62 billion, a year on year increase of 16.1
percent, equivalent to 49 percent of the year’s plan.
In
terms of commodity groups, export turnover of agricultural, forestry
and aquaculture commodities; fuels and minerals during this period were
estimated to reach US$9.7 billion and over US$5 billion, accounting for
16 percent and eight percent of total export turnover respectively.
Chinh
pointed out that the despite an increase in output, declining export
turnover of these two sectors was due to a 15 to 25 percent decline in
export prices since early this year.
Meanwhile,
export turnover of the processing industry increased by 27.2 percent
compared to the same period last year to reach US$42.7 billion. This
industry continued to be a key engine for the country’s export growth,
with strong growth of the foreign-invested sector producing mobile
phones and accessories, computers, electronic products and parts
(contributing US$6.3 billion in US$8.6 billion of added export value
year on year). The export of this commodity group is expected to post
further export growth from now to the year’s end.
Other
items with export revenues occupying large proportions in total export
such as textile and garment and footwear also enjoyed high growth rates
year on year, with 17 percent and 16 percent respectively. Le Tien
Truong, the Deputy Director of the Vietnam National Textile and Garment
Group (Vinatex) said with its orders from now to the end of 2013,
Vinatex could earn revenue of US$20 billion instead of the expected
figure of US$19.5 billion early this year.
According
to the common rule, export growth in the second half of a year is from
15 - 20 percent higher than = the first half. Therefore\ the goal to
earn export revenue of US$126.1 billion this year is achievable, with
even US$127 - US$128 possible. However, Chinh said that in the first
half of this year, monthly average export revenue was about US$10.33
billion. Therefore, to realize the set target, the monthly average
export revenue in the second half of this year must reach US$11 billion
per month, 700 million higher than the average figure of the first half
of 2013. The target would only be achievable when the enterprises make
great efforts and the export prices remain at their current levels.
MOIT’s
statistics also showed that Vietnam’s import revenue during this
six-month period was worth USD63.46 billion, resulting in an estimated
trade deficit of US$1.4 billion, equal to 2.3% of its export revenues.
It is forecast that imports will continue to increase in the coming
months, import revenue for the whole year will reach US$136 billion and
Vietnam’s 2013 trade deficit will reach US$9 billion, equivalent to
seven percent of the country’s total export revenue and lower than the
eight percent estimated by the National Assembly and government./.
Source: VEN.
Source: VEN.
