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City exports up 14.2% in January
HCM City's export turnover in January increased by 8.8 per cent compared with the same period last year, and by 14.2 per cent if crude oil export was excluded.
According to the city's Statistics Bureau, the State-owned sector accounted for 53.1 percent of the city's export turnover of US$1,349 million, an increase of 7.2 percent.
The foreign direct investment (FDI) sector represented 26.2 percent of the export values, up by 8.6 per cent while private enterprises accounted for 20.6 percent of the export turnover, a year-on-year increase of 13.1 percent.
Rice exports amounted to 150,000 tonnes, bringing in $63.3 million, up by 42.1 percent while seafood exports earned $24.3 million, an increase of 6.1 percent compared with the same period last year.
Garment export brought in $134 million, up by 12.7 percent while footwear exports earned $34 million, an increase of 10.8 percent.
Local enterprises won many contracts for garment and footwear exports in late 2009 as the world economy recovered from turmoil. However, many local enterprises had shortages of labourers, skilled workers in particular.
Also in January, the city's import turnover amounted to $1,127 million, a year-on-year increase of 21.8 per cent.
The biggest increase rate in import turnover, 86.3 per cent, was made by milk and dairy products, followed by steel (36.4 percent), pharmaceuticals (33.7 percent), and materials for the garment sector (13.2 percent).
Meanwhile, fuel imports fell by 22.6 percent.
The head of the HCM City Statistics Bureau, Du Quang Nam, said the Government has issued policies to boost the production of goods for exports, at the same time diversifying products and seeking new markets and customers for Vietnamese goods.
vietnamnews
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