Hanoi’s exports hit US$7.16 bln in nine months

Hanoi earned almost US$7.16 billion from exports in the first nine months of this year, up 26.2 percent over the same period of last year, said the municipal Statistics Office.

The growth was attributed to the promotion of exporting high value-added products, especially coffee, which rose by 24.2 percent, petroleum products (96.7 percent), handicraft (21 percent) along with wooden furniture, construction materials and handbags.

Also according to the municipal Statistics Office, during this period, the city spent nearly US$18.4 billion on imports, a year-on-year rise of 18.7 percent, bringing the city’s trade deficit to over US$11.2 billion.

Economic experts said that China is Hanoi’s largest exporter and importer, followed by the United States and Japan.

The Office also forecast that the city’s export turnover would rise by 27.1 percent this year while import would increase by 14.5 percent year-on-year.

VOV, vna

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