Achieving trade surplus thanks to “foreign” enterprises.

Value of export turnover of FDI enterprises and domestic enterprises as of 15/10, calculation unit: “billion USD”. Sketched by T.Bình

According to the General Department of Vietnam Customs, in the first 15 days of October, FDI enterprises achieved export value of $US 13.47 billion, reduced by 2.7%, equivalent to a decrease of $US 378 million compared to the second half of September 2018. From the beginning of the year to the end of 15/10, the FDI sector reached an import and export value of $US 243.89 billion, increased by 13.9%, equivalent to an increase of $US 29.78 billion over the same period of 2017.

Notably, the trade balance of goods of the FDI sector reached a surplus of $US 16.6 billion in the first half of October and continued raising the trade surplus to $US 24 billion by the end of October 15.

Specifically, the value of exported merchandise of FDI enterprises in the first half of October reached $US 7.31 billion, reduced by 6.6% (equivalent to a decrease of $US 518 million) compared with the last 15 days of September.

By the end of 15/10, total export value of FDI enterprises reached $US 133.93 billion, increased by 15.5%, equivalent to an increase of $US 17.94 billion compared with the same period in 2017 and contributed up to 70.6% of total export value of the country.

Furthermore, the import value of FDI enterprises in the first installment of October was $US 6.15 billion, increased by 2.3% (equivalent to an increase of $US 140 million) compared to the last 15 days of September 2015.

By the end of October 15, total import value of FDI enterprises reached $US 109.95 billion, increased by 12.1%, equivalent to an increase of $US 11.85 billion, accounting for 60% of total import value of the country.

Currently, not only dominating in the key export sectors related to high technology such as telephones; computers; cameras ... FDI enterprises are also gaining popularity in many sectors, which are the traditional fields of domestic enterprises such as textile and garment, footwear and furniture.

According to the Customs News reporter's observation, by the end of September 2018, FDI enterprises accounted for nearly 60% of total export turnover of textile and garment of the whole country, valued at $US 13.464 billion.

For the footwear industry, the contribution rate reached nearly 79.4%, with turnover reaching $US 9.317 billion...