First quarter: Import-export turnover of FDI enterprisesis over 74 billion USD

VCN - According to information from the General Department of Customs, by the end of the first quarter, the total value of import and export of FDI enterprises reached 74.54 billion USD, increasing by 3.8%, which corresponds with an increase of 2.74 billion USD compared to the same period in 2018.
tin nhap 20190419152730 First-quarter FDI attraction comes into spotlight
tin nhap 20190419152730 Challenges in managing FDI enterprises having "profit" but report "losses"
tin nhap 20190419152730 A bold approach in FDI strategy
tin nhap 20190419152730

The total value of import and export of FDI enterprises in March reached 28.31 billion USD, increasing by 48.8% compared to February.

Thus, by the end of the first quarter, the total import-export turnover of FDI enterprises reached nearly 64.1% of the total import-export turnover of the whole country.

In particular, the export of theseenterprises in March reached 16.14 billion USD, increasing by 59.4% compared to the previous month, bringing the export value of this sector in the first quarter of 2019 to 41.08 billion USD, increasing by 3.1% compared to the same period last year and making upnearly 70% of the total export value of the country.

In contrast, the import value of FDI enterprises in March reached 12.17 billion USD, increasing by 36.8% compared to the previous month and bringing the import value of this sector in the first quarter to 33.45 billion USD. This is anincrease of 4.7% compared to the first quarter of 2018, making up over 58.2% of the total import turnover in the country at the same time.

From the above-mentioned data, the trade balance of FDI enterprises in March reached a surplus of 3.97 billion USD, bringing the trade balance in the first quarter to a surplus of 7.63 billion USD.

According to the General Department of Customs, Vietnam's trade with the Americasreached 20.65 billion USD in the first quarter, increasing by 19.4% compared to the same period in 2018 and this is a continent with the highest growth rate in the 3 months of the beginning of this year.

Meanwhile, Asia continues to be the region with the highest proportion (over 65.8%) of the total import-export turnover of the country.

Import and export value in the first quarter with Asian markets reached 76.51 billion USD, increasing by 4.8% compared to the same period in 2018, ofwhich export value was 29.94 billion USD, decreasing slightly at 0.5% and import value was 46.58 billion USD, increasing by 8.5%.

tin nhap 20190419152730 FDI in first two months of 2019 reaches $8.5 billion

Foreign investors have poured US 8 47 billion into Vietnam this year as of February 20

Import-export turnover between Vietnam and Europe reached 15.63 billion USD, up 4.1%; Oceania reached 2.17 billion USD, up 3.6% and Africa reached 1.35 billion USD, down 15.6%.

By Thai Binh/ Phuong Thao

Related News

Heading toward the official implementation of the Voluntary Compliance Program

Heading toward the official implementation of the Voluntary Compliance Program

VCN - Through implementing the Pilot Program on supporting and encouraging businesses to voluntarily comply with customs laws, the compliance level of many member businesses has improved significantly.
Khanh Hoa Customs announce information of 12 enterprises owing over VND65 billion of tax

Khanh Hoa Customs announce information of 12 enterprises owing over VND65 billion of tax

VCN - According to Khanh Hoa Customs Department, through checking and review until March 31, 2024 at the unit, there is 12 enterprises and one individual owing tax debt of over VND65 billion.
Da Nang Customs: Bring the Customs – Business partnership activities into practice

Da Nang Customs: Bring the Customs – Business partnership activities into practice

VCN - Activities to develop Customs-Business partnerships are implemented by Da Nang Customs Department to transform the content and methods so that business support activities can be put into practice.
Be proactive and flexible with production materials

Be proactive and flexible with production materials

VCN - Enterprises' production and export orders have gradually returned, leading to many recovery prospects. Therefore, the issue of raw materials for production continues to be a major concern to meet rules of origin requirements.

Latest News

Wood exports started well

Wood exports started well

VCN - After a year of missing the growth target, the year of 2024 exporting wood and wood products has had a good start, but there are still many potential risks.
Take advantage of e-commerce leverage for export

Take advantage of e-commerce leverage for export

VCN - Exporting via e-commerce is gradually becoming popular and becoming a trend that many businesses are interested in.
Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Localities get ready for fourth FDI boom

Localities get ready for fourth FDI boom

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.

More News

Opportunities to develop a smart and sustainable packaging industry

Opportunities to develop a smart and sustainable packaging industry

VCN - The concept of circular economy and sustainability requirements are increasingly influencing packaging design. In particular, highly recyclable packaging is gradually becoming an important part of the packaging process in the food and beverage industry. This is also one of the key factors promoting the development of Vietnam's packaging industry.
Domestic retailers eye export-quality products

Domestic retailers eye export-quality products

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.
Textile and garment exports recovered positively

Textile and garment exports recovered positively

VCN - Vu Duc Giang, Chairman of Vietnam Textile & Apparel Association shared with Customs News about the production and export situation of Vietnam's textile and garment industry after many difficult periods.
Vietnam has opportunities to attract, develop the offshoring market

Vietnam has opportunities to attract, develop the offshoring market

Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

More than 15 trillion VND (597 million USD) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year, heard participants at a recent conference to discuss measures on maintaining Vietnam's key agricultural exports.
Cooperate to build leading and "rich in vitality" state-owned enterprises

Cooperate to build leading and "rich in vitality" state-owned enterprises

VCN - In Vietnam, the contribution ratio of state-owned enterprises (SOEs) to GDP is approximately 30% but their competitiveness is not commensurate with the resources they hold, and many SOEs operate ineffectively.
Garment & textile sector tries to keep growth momentum

Garment & textile sector tries to keep growth momentum

The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.
Businesses capitalize on recovery momentum to explore market expansion

Businesses capitalize on recovery momentum to explore market expansion

VCN - Since the start of the year, Vietnam’s exports have welcomed positive signals as orders from several key sectors have noticeably rebounded. Enterprises are capitalizing on the market recovery to bolster their export drive.
Access to the Chinese market is increasingly convenient

Access to the Chinese market is increasingly convenient

VCN - As Vice Chairman of the High Quality Vietnamese Goods Business Association, Mr. Nguyen Lam Vien (photo) is also Chairman of the Board of Directors of Vinamit Joint Stock Company - a very successful enterprise in the Chinese market, shared with Customs News many interesting information and advice for businesses to achieve success in this potential billion-people market.
Read More

Your care

Latest Most read
Wood exports started well

Wood exports started well

After a year of missing the growth target, the year of 2024 exporting wood and wood products has had a good start, but there are still many potential risks.
Take advantage of e-commerce leverage for export

Take advantage of e-commerce leverage for export

VCN - Exporting via e-commerce is gradually becoming popular and becoming a trend that many businesses are interested in.
Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Localities get ready for fourth FDI boom

Localities get ready for fourth FDI boom

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Opportunities to develop a smart and sustainable packaging industry

Opportunities to develop a smart and sustainable packaging industry

VCN - The concept of circular economy and sustainability requirements are increasingly influencing packaging design. In particular, highly recyclable packaging is gradually becoming an important part of the packaging process in the food and beverage indus
Mobile Version