Hanoi: Vietnam had shipped 15.08 billion USD worth of products overseas as of January 15, a year-on-year increase of 4.1%, the General Statistics Office announced on January 29.

Foreign firms occupied 11.06 billion USD, up 1.9% against the same time last year, while the domestic sector made up 4.02 billion USD of the total, a year-on-year rise of 10.4%.

During the period, the country enjoyed a trade surplus of 0.38 billion USD as compared to the 0.73 billion USD recorded in the same time last year.

Exports posting earnings of more than 1 billion USD included telephones and components (2.86 billion USD, up 6.7% year-on-year); electronics, computers and components (over 2.24 billion USD, up 22.1%), garment and textile (1.29 billion USD, down 17.8%), and machinery, equipment, tools and spare parts (1.63 billion USD, down 4.6%).

The Ministry of Industry and Trade is eying 377 billion USD in export revenue in 2024, rising 6% from 2023.

The general statistics office said the ministry should complete mechanisms
and policies to create favourable macro-economic environment for exports, and develop a sound business climate for enterprises.

The sector should work to reduce the risks posed by trade defence investigations from importers towards sustainable export growth, enhance forecast and give early warnings to businesses whose products are at risks of being investigated.

Besides, it is necessary for the ministry to pen additional tax incentives, especially for machinery and equipment purchased from the markets that Vietnam are running trade surplus with./.

Source: Vietnam News Agency