Exports sees sky rocketing growth in first 8 months

03 Sep '08

2 min read

In the month of August export turnover of Vietnam reached US $6.1 billion showing a rise of 40.6 percent compared to last year, but simultaneously it shows decline of 6.8 percent compared to July 2008. Total revenue generated during this period is $43.3 billion, with year–on-year rise of 39.1 percent in 8 month of the running year.

Statistical data says that state sector brought $19.6 billion with rise of 43.9 percent value wise; exports from FDI sector excluding crude oil, reached $15.8 billion rising to 28 percent and crude oil soared 53.3 percent of $7.9 billion.

Export value of various products such as crude oil, textile and garment, footwear etc, increased with turnover more than $1 billion in first 8 months.

Compared to last year, export value of crude oil has decreased to 10.8 percent worth $7.9 billion in value and has increased to 53.3 percent accounting 9 million tons in volume.

Whereas textile and garment earned $6 billion with rise of 20 percent and footwear sector could manage for $3.2 billion

In July itself, export to Asian market has gained the highest value of $6.8 billion with increase of 44.3 percent on-year and that of US market was $6.6 billion with rise of 19.2 percent (Textile and garment industry accounted for $2.9 billion with 17.7 percent increase).

The Country fetched $6.3 billion from European market with growth of 22.1 percent; textile and garment made up $965 million with 22.3 percent increase. Vietnam managed to earn $2.7 billion and $2.6 billion with surge of 71.6 percent and 45.8 percent from Australia and China respectively.

Fibre2fashion News Desk - Vietnam

More Textiles News - Vietnam...