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Mobile phones top exports list
Mobile phones and components have garnered the top position in Viet Nam's exports with a turnover of US$7.7 billion during the first four months of this year.
As reported by Dau Tu (Vietnam Investment Review) newspaper, the General Statistics Office of Vietnam has forecast export turnover of $12.2 billion in April, a 23.2 per cent increase as compared to the same month last year.
Exports of the foreign direct investment sector, including crude oil, alone reached $30.4 billion, recording a 17.2 per cent increase as compared to the same period last year.
The statistics showed that processed and assembled products are still the main exports. Textile ranked second with a turnover of $5.9 billion, followed by footwear with $2.9 billion.
Exports of other products have also shown an increase in comparison with the same period of 2013. Seafood reached $2.2 billion, up 32 per cent as compared to the same period last year.
Coffee gained $1.6 billion, a 29.5 per cent increase, while wood and wooden products reached $1.9 billion, with an increase of 22.4 per cent in comparison with the same period of 2013.
In the first four months of 2014, the total export turnover is estimated to reach $45.7 billion, experiencing an increase of 16.7 per cent in comparison with the same period of 2013.
Meanwhile, Viet Nam's imports are forecast to reach $12.6 billion in April, contributing a total amount of $45.1 billion in the first four months of this year. It has seen an increase of 13.7 per cent as compared to the same period last month.
Imports of foreign-invested sector are forecast to reach $26.3 billion, experiencing an 18.2 per cent increase in comparison with the same period last year.
April's trade deficit is forecast to reach $400 million, and the trade surplus in the first four months of 2014 is estimated to reach $683 million.
Trade surplus of foreign-invested sector, including crude oil, reached $4.1 billion, experiencing an increase of 11.5 per cent in comparison with the same period last year. However, the trade deficit of domestic enterprises is $3.4 billion, recording an 18 per cent decrease as compared to the same period in 2013.
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