Hanoi Exports Post 0.2% Growth

Hanoi Exports Post 0.2% Growth

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In April alone, the city’s exports were estimated at $852 million, down 1 per cent month-on-month and 4 per cent year-on-year, the office said.

Products recording high export growth in the reviewed period included garments, up 23 per cent and means of transport and tools, up 21 per cent. Items witnessing export decline were farm produce, down 19.5 per cent and computer components and peripheral equipment, down 20 per cent.

Meanwhile, the city imported an estimated $1.75 billion worth of goods in April, surging 2.3 per cent against the previous month but decreasing 13 per cent against last year’s corresponding period.

The latest addition has brought the city’s import turnover in four months up to $7.33 billion, down 5.1 per cent year-on-year.

From January to April, the import of most products tended to decline compared to same period last year, such as chemicals, down 25 per cent, plastics (16 per cent) and fertilizers (6 per cent).

The office also reported that the city’s total revenue from the retail trade and services saw a yearly increase of 9.7 per cent to reach nearly VNĐ172 trillion ($7.61 billion) in April.

Difficulties reaching yearly export targets expected Vietnam could face numerous difficulties in reaching its export value target for this year because of low ...