The growth in export value was mainly contributed to by 24 ‘billion dollar’ goods items, which accounted for 88.1 percent of total export revenue. Telephones and spare parts were the largest earners, followed by electronics, computers and spare parts, and garment and textiles.

Import-export activities at a port in Vietnam.

Meanwhile, shipments of vegetables and fruits, coffee and cashew experienced a fall compared to the same time last year.

The US was the largest importer of Vietnam in the period while the EU and China came second and third, respectively.

Also in the reviewed period, Vietnam splashed out 143.34 billion USD on imports, up 8.3 percent year on year. Of the sum, some 60.83 billion USD was contributed by the domestic economic sector, up 12.6 percent, and 82.51 billion USD by the foreign-invested sector, growing 5.3 percent.

There were 28 goods items seeing import value of more than a billion USD, making up 85.8 percent of total purchase from foreign countries, including electronics, computers and spare parts, and machines and equipment.

Most of the goods were bought from China, the Republic of Korea and ASEAN countries.

During January-July, the domestic sector witnessed a trade deficit of 16.8 billion USD, and the foreign-invested sector reported a trade surplus of 18.6 billion USD.

Cross-border trade deal bolsters Vietnam-Laos economic links

Trade and investment links between Vietnam and Laos have been enhanced over the last three years thanks to the bilateral cross-border trade agreement, heard a meeting in the central province of Quang Tri on July 26.

Party, State leader meets outstanding trade union leaders, officials

Party General Secretary and President Nguyen PhuTrong met with 90 outstanding leaders of local trade unions in 2019 and 10 trade union officials receiving Nguyen Van Linh Awards in Hanoi on July 20.

Luc Ngan’s Agricultural Trade Fair to take place from 20 to 28 July

(BGO)- Luc Ngan’s Agricultural Trade Fair is scheduled from 20 to 28 July 2019 with an aim at trade promotion.

PM asks for more efforts to boost trade ties with key partners

Prime Minister Nguyen Xuan Phuc has ordered ministries and sectors to devise active and practical plans to promote domestic production, create more jobs, and ensure harmonious trade relations with key partners of the country in the principle of equality and mutual benefits. 

Vietnam, Mexico step up economy-trade-investment ties

The second meeting of the Vietnam – Mexico joint committee on economy-trade-investment cooperation took place in Mexico City on July 9 and 10. 

Source: VNA