First quarter: Import-export turnover of FDI enterprisesis over 74 billion USD
First-quarter FDI attraction comes into spotlight | |
Challenges in managing FDI enterprises having "profit" but report "losses" | |
A bold approach in FDI strategy |
The total value of import and export of FDI enterprises in March reached 28.31 billion USD, increasing by 48.8% compared to February.
Thus, by the end of the first quarter, the total import-export turnover of FDI enterprises reached nearly 64.1% of the total import-export turnover of the whole country.
In particular, the export of theseenterprises in March reached 16.14 billion USD, increasing by 59.4% compared to the previous month, bringing the export value of this sector in the first quarter of 2019 to 41.08 billion USD, increasing by 3.1% compared to the same period last year and making upnearly 70% of the total export value of the country.
In contrast, the import value of FDI enterprises in March reached 12.17 billion USD, increasing by 36.8% compared to the previous month and bringing the import value of this sector in the first quarter to 33.45 billion USD. This is anincrease of 4.7% compared to the first quarter of 2018, making up over 58.2% of the total import turnover in the country at the same time.
From the above-mentioned data, the trade balance of FDI enterprises in March reached a surplus of 3.97 billion USD, bringing the trade balance in the first quarter to a surplus of 7.63 billion USD.
According to the General Department of Customs, Vietnam's trade with the Americasreached 20.65 billion USD in the first quarter, increasing by 19.4% compared to the same period in 2018 and this is a continent with the highest growth rate in the 3 months of the beginning of this year.
Meanwhile, Asia continues to be the region with the highest proportion (over 65.8%) of the total import-export turnover of the country.
Import and export value in the first quarter with Asian markets reached 76.51 billion USD, increasing by 4.8% compared to the same period in 2018, ofwhich export value was 29.94 billion USD, decreasing slightly at 0.5% and import value was 46.58 billion USD, increasing by 8.5%.
FDI in first two months of 2019 reaches $8.5 billion Foreign investors have poured US 8 47 billion into Vietnam this year as of February 20 |
Import-export turnover between Vietnam and Europe reached 15.63 billion USD, up 4.1%; Oceania reached 2.17 billion USD, up 3.6% and Africa reached 1.35 billion USD, down 15.6%.
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