December 11, 2018 04:50

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Exports increased by 22.8%, the highest level in recent 5 years

15:55 | 10/05/2018

VCN- $US 64.41 billion was the total value of the country's export turnover as of April 15, an increase of 22.8% (equal to $US 11.98 billion) compared to the same period of 2017. This is the highest growth result in recent 5 years.

xuat khau tang 228 cao nhat 5 nam gan day Aquatic product exports bring home US$2.4 billion in four months
xuat khau tang 228 cao nhat 5 nam gan day Preliminary assessment of Vietnam international merchandise trade performance in the first half of March, 2018
xuat khau tang 228 cao nhat 5 nam gan day Key export products in Q1 2018
xuat khau tang 228 cao nhat 5 nam gan day
In 2017, the country's export turnover reached more than $US 214 billion.

According to statistical data of the General Department of Vietnam Customs from 2014 to 15 April 2018, the country's export growth in the first half of this year (as of April 15, according to the latest update of the General Department of Customs 2018) is relatively positive.

Three years of double-digit growth included 2014 with an increase of 16.1% compared to 2013, 2017 with an increase of 13.9% compared to 2016 and 2018 with an increase of 22.8% over the same period last year.

The two years with the lowest export growth rate are 2016 with an increase of 7.7% compared to 2015 and 2015 with an increase of 9% compared to 2014.

Looking at these results, it is easy to recognize the outstanding growth rate of the past few months of 2018 compared to the remaining years.

The growth rate of the past time is also 12.8% higher than the target set by the Ministry of Industry and Trade in 2018 (the Ministry of Industry and Trade strives for export growth of 10% this year) and much higher than the target set by the National Assembly in its Resolution on the Socio-Economic Development Plan 2018 (export growth target of 7% to 8%).

Notably, the total value of exports to 15 April 2018 increased by 64% over the same period in 2014. Compared to the previous five years, Vietnam's export turnover increased by $US 25.14 billion.

There is a concern in the export activities of our country which is still heavily dependent on foreign factors. By the end of 15 April 2018, export turnover of FDI enterprises reached $US 45.92 billion, an increase of 24.3% over the same period of 2017 and accounted for 71.3% of the total merchandise export turnover of the whole country.

Dependence on FDI enterprises is not only in the field of electronics (voice, computer), even in the fields that are the strength of Vietnam such as textiles and footwear, which made a great contribution from foreign enterprises.

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If the export growth rate is maintained at 20% or more this year, in 2018, Vietnam's export turnover will have an important milestone when it reaches the figure of $US 250 billion for the first time. In 2017, the country's export turnover reached more than $US 214 billion.

By Thai Binh/ Hoang Anh