HANOI: In the first five months of this year Vietnam generated more than US$67.7 billion from exports, surging 6.6 per cent against the same period last year, according to the General Statistics Office (GSO). Of the sum, domestic enterprises contributed over $19.44 billion, up 3.9 per cent year-on-year, while the remainder of more than $48.26 billion came from foreign-funded firms, up 7.7 per cent year-on-year.
Key export products recording a strong increase in export value in the reviewed period included vegetables and fruit, growing 53.7 per cent to $1 billion. But the first five months saw significant reductions in export turnover of cassava, down 22.7 per cent. The GSO also reported that from January to May, the value of national imports modestly decreased by 1 per cent year-on-year to above $66.34 billion, with $27.2 billion from domestic enterprises and $39.1 billion from foreign-funded businesses. That resulted in a trade surplus of $1.36 billion in five months, lower than the $1.46 billion recorded during the same period last year.
