Exports record high growth (06/9)
06/09/2013 - 16 Lượt xem
Increasing exports
Export
turnover recorded a good growth in the first eight months of this year.
According to the General Statistics Office of Vietnam, export turnover
in this period reached US$84.8 billion. The domestic economic sector
reached US$28.7 billion in export turnover, an increase of 3.1 percent
compared to the same period last year while this figure in the FDI
sector (including crude oil) stood at US$56.1 billion, an increase of
21.6 percent compared to the same period last year. The Ministry of
Industry and Trade said that export turnover could exceed the yearly
plan. In addition, import turnover in the first eight months of this
year reached US$85.4 billion, an increase of 14.9 percent compared to
the same period last year. As a result, trade deficit in this period
stood at US$577 million, equal to 0.7 percent of total export turnover.
With these outstanding results, the balance of trade in the first eight
months of this year was acceptable.
Stable industries
Thanks
to an important role of industrial production, export turnover recorded
a good growth in the first eight months of this year. Export turnover
of telephones and components continued to record a high growth in this
period, reaching US$13.1 billion, an increase of 76.2 percent compared
to the same period last year. Export turnover of garments and textiles,
computers and components in the first eight months of this year stood at
US$11.5 billion and US$6.8 billion, an increase of 17.3 and 42.2
percent compared to the same period last year, respectively.
Industrial
production value in the first eight months of this year was estimated
to increase by 5.3 percent compared to the same period last year. The
mining, manufacturing and processing and the wastewater treatment
industries contributed 0.05, 4.6 and 0.1 percent to this growth
respectively.
Some
industries had higher industrial production value compared to the same
period last year, such as prefabricated metal (excluding machinery and
equipment), paper and paper products and water treatment and supply.
Declining inventories
In
the context of economic difficulties, retail sales of goods and
services recorded a high growth. Total retail sales of goods and
services in August increased by 0.7 percent compared to the previous
month and 13.5 percent compared to the same month last year. In the
first eight months of this year, this figure reached an estimated
VND1,706 trillion, an increase of 12.3 percent compared to the same
period last year.
Domestic
consumption and export growth had helped reduce inventories. Consumer
price index (CPI) in the manufacturing and processing industry in the
first seven months of this year only increased by 9.2 percent compared
to the same period last year.
Slow economic recovery
Despite
stable growth, the growth rate of industrial production value remained
low and did not meet expectation. In addition, export turnover in the
FDI sector was higher than the domestic economic sector. In particular,
exports of agricultural products and seafood still faced difficulties in
the eight months of this year due to a decline in prices.
To
achieve goals and contribute to the overall growth of the economy, in
the remaining months of this year, drastic measures from the government
and the greater efforts of businesses are needed./.
Source: VEN
Source: VEN
