September 22, 2020 12:06

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FDI enterprises’ import-export turnover hits nearly US$62 billion

15:00 | 30/03/2020

VCN- The growth rate of foreign direct investment (FDI) enterprises accounts for a large proportion of Vietnam’s total import-export turnover, but it is showing signs of decreasing in the first months of the year.

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fdi enterprises import export turnover hits nearly us 62 billion

The proportion of FDI contributions to the import and export activities of the whole country, unit "billion USD". Chart: T. Binh.

According to the General Department of Vietnam Customs, in the first 15 days of March, the FDI enterprises' import and export turnover reached US$13.65 billion, increasing by 4.7%, equivalent to US$614 million compared to the second half of February.

From the beginning of the year to the end of March 15, FDI enterprises' import and export turnover was US$61.77 billion, up 2.7%, equivalent to an increase of US$1.65 billion compared to 2019.

The balance of trade in goods of the FDI sector had a surplus of US$1.64 billion in the first half of March and reached more than US$5.97 billion at the end of March 15.

In the first half of March, the FDI enterprises’ export value reached US$7.64 billion, down 0.4% (equivalent to US$29 million) compared to the second half of February.

Thus, at the end of March 15, the total export value of FDI enterprises reached US$33.87 billion, up 3.4%, equivalent to an increase of US$1.11 billion compared to 2019 and accounting for 67.3 % of Vietnam's total merchandise export value.

But the proportion of FDI contributions to the country’s total export turnover decreased by 2.3% (contributing 69.6% in 2019).

The FDI enterprises’ import turnover reached more than US$6 billion in the first half of March, increasing by 12% (equivalent to US$644 million) compared to the second half of February.

By the end of March 15, the total import value of FDI enterprises reached nearly US$27.9 billion, up 2%, equivalent to an increase of US$535 million compared to 2019; accounting for 58.7% of the total import value of the country, this proportion is equivalent to the same period in 2019.

Currently, FDI enterprises’ import-export turnover has contributed to almost all major import and export sectors of Vietnam, especially related to electronics such as telephones and computers.

By Thai Binh/Ngoc Loan