Exports tend to increase mainly come from FDI enterprises

Sketched by T.Bình

According to preliminary data recently announced by the General Department of Vietnam Customs, in the second half of March (March 16-31), the country's total export turnover reached US$ 16.38 billion, rising 22.8% (equivalent to an increase of US$3.05 billion) compared to the period of March 1, 2023.

Notably, export turnover grew mainly from the FDI business community.

In the second half of March, exports of FDI enterprises reached US$12.02 billion, growing 23.3%, equivalent to US$2.27 billion compared to the first period of the month.

Thus, FDI enterprises contributed over 90% of the increase in export turnover in the second half of March.

The groups of export products achieving great growth in this period are also the dominant groups of FDI enterprises.

Specifically, phones and components increased by US$715 million, corresponding to an increase of 40.8%; computers, electronic products and components rose by US$442 million, corresponding to an increase of 19.9%; machinery, equipment, tools and spare parts grew by US$432 million, corresponding to an increase of 27.5%; iron and steel of all kinds increased by US$274 million, equivalent to 131.7%; footwear of all kinds increased by US$157 million, equivalent to 22.2% increase.

Despite the positive trend, for the whole first quarter, export turnover still grew negatively. In the first quarter, Vietnam's exports reached US$79.3 billion, dropping 11.8%, equivalent to a decline of US$10.58 billion over the same period in 2022.