HANOI REPORTS IMPORT-EXPORT TURNOVER OF $28.6 BILLION

Hanoi reported $28.6 billion in import-export turnover in the first half of this year, up 13.7 per cent on-year.

Exports accounted for $8.9 billion and the remaining $19.7 billion was import value, signifying an increase of 11 per cent and almost 15 per cent respectively, according to the statistics published by Hanoi Statistics Office.

In the second quarter, the import-export turnover was $15.2 billion, up 13.5 per cent from the first quarter and up 18.8 per cent on-year.

The export value of the second quarter was $4.67 billion, up 11.1 per cent compared to the first quarter.

Key products seeing an increase in turnover in the first half of the year include computers, electronic products and spare parts worth $1.25 billion (up 13.6 per cent on-year), transport vehicles and related products worth $1.06 billion, and agricultural products worth $836 million, among others.

Three products reported a decline in export value, namely garments and textiles worth $962 million, shoes and made-of-leather products worth $166 million, and mobile phones and spare parts worth $49 million, signifying a decrease of 4 per cent, close to 23 per cent and a little over 40 per cent, respectively.

To promote import-export activities, Hanoi will continue to improve the effectiveness of trade and investment promotion programmes, including strengthening coordination with local state management agencies, Vietnamese missions abroad, and setting up foreign trade offices in Vietnam.

Source: VIR