Earning nearly $US 50 billion, FDI enterprises are leading in exports

VCN- $US 49.398 billion is the total value of export turnover of foreign direct investment (FDI) enterprises, accounting for about 71% of the total export turnover of Vietnam. This is the value of export turnover until 15th May 2017, according to the latest information from the General Department of Vietnam Customs.
earning nearly us 50 billion fdi enterprises are leading in exports Vietnam’s exports still dominated by FDI firms
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earning nearly us 50 billion fdi enterprises are leading in exports First Quarter of 2017: A deficit of $ US 1.94 billion
earning nearly us 50 billion fdi enterprises are leading in exports
Opeartions at Sam Sung Group, Bac Ninh. Photo: Thai Binh.

Notably, compared to the same period last year, the proportion of turnover of FDI enterprises increased by 1% point (about 70% in the same period).

With a growth rate of 19%, FDI enterprises has a higher growth rate than the national average of 17.6%.

The strong growth of FDI enterprises is understandable because these enterprises are leading in the major export sectors of Vietnam such as telephones, computers and electronic products.

On the other hand, in the AEO Enterprises Program in the field of Customs (for large and prestigious exporters), 35 out of 60 enterprises are FDI enterprises.

Or in many big localities with large exports such as Bac Ninh, Thai Nguyen, Binh Duong and Dong Nai, the value of turnover mostly depends on FDI enterprises.

For example, in the case of Thai Nguyen, before the appearance of Samsung, this province is almost unnamed on the map of "exports" of Vietnam.

But now, Thai Nguyen has reached the second largest export province in 63 provinces and cities (after Ho Chi Minh City) in value of export turnover.

Mrs. Nguyen Thi Thanh Hao, the Head of the Division of Import-Export Management and International Economic Integration (the Thai Nguyen Department of Industry and Trade) said that the main export products in Thai Nguyen were telephones and tablets of Samsung Group.

According to Mrs. Nguyen Thi Thanh Hao, the spectacular breakthrough in export activities of Thai Nguyen in recent years is thanks to the efficiency in investment activities of Samsung Group.

earning nearly us 50 billion fdi enterprises are leading in exports Foreigners pour US$11 bln in local projects, firms in 4 months

Foreign investors have poured 10.95 billion USD into new and operational FDI projects and to buy stakes ...

"Local traditional export sectors have also improved, but they can not make the breakthrough without the presence of the Samsung Group", the Head of the Division of Import-Export Management and International Economic Integration said.

By Thai Binh/ Hoang Anh

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