Export exceeded 200 billion USD, nearly reached 71% turnover by FDI companies

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Telephone is the country's largest export item iand belongs to FDI enterprises. In the photo, the prduction of telephone at Samsung Vietnam.

The results achieved in the second half of October brought the total import and export value of the country in 10 months to 396.85 billion USD, increased 13.8%, correspondingly increased 48.12 billion USD in absolute terms over the same period in 2017.

While the total value of import and export of FDI enterprises was USD 259.79 billion, up 13.7% (respectively increased 31.3 billion USD).

In the second half of October, the trade balance of goods surplus was 0.77 billion USD, thereby bringing the country's export surplus in 10 months up to 7.21 billion USD.

Notably, in the second half of October, the total value of Vietnamese exports reached 12.33 billion USD, up 21.1% (2.15 billion USD in absolute terms), compared to the 15 days earlier in October.

The export value in the second half of October increased (compared to the first month of October) in some key commodities such as: Telephone and accessories increased 491 million USD, up 23.1%; computers, electronic products and components increased 213 million USD, up 16.2%; footwear of all kinds increased by 163 million USD, increased by 26.7%; machinery, equipment, spare parts increased 146 million USD, up 21.5%; textiles and garments increased by 122 million USD, up 9.4%; wood and wood products increased 93 million USD, respectively up 24.5%.

Thus, by the end of October, Vietnam’s total export value reached 202.03 billion USD, up 26.67 billion USD, respectively the growth rate was 15.2% over the same period in 2017.

According to the General Department of Customs, the value of goods exported by FDI enterprises in the second half of October reached 8.84 billion USD, up 20.9%, respectively increased 1.53 billion USD compared to the first term of October.

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At the end of October, the total export value of this group reached 142.8 billion USD, up 14.9% (respectively increased 18.49 billion USD) over the same period last year, which accounts for 70.7% of the export value for the whole country.