Exports to France climb by 34%

The turnover of exports to France showed a year-on-year increase of 34.3 per cent to more than 144.7 million euros (US$203.5 million) in January, a report from the Vietnamese Embassy in France annouced.

“France’s economy has been developing so that Vietnamese exporters to France have many advantages,” said commercial counsellor Pham Xuan Yen.

Under these conditions Yen expected the turnover in exports to France would continue to increase.

In January, most key exports to France showed high growth, such as in garments, electronics and furniture.

Viet Nam earned 25.13 million euros ($35.3 million) from garments exports, increasing by 34.47 per cent in comparison with the same month last year.

With a growth rate of 15 times, electronic exports reached 24.51 million euros ($34.5 million). Timber-based product export value increased by 12.62 million euros ($17.6 million), up 2.73 per cent.

Meanwhile, import turnover fell. Viet Nam spent only 36.27 million euros ($51 million) in January to import goods from France, down 50 per cent compared with December and 35 per cent compared to the same month last year.

Reports from French Customs showed the country’s electronics and pharmaceutical exports to Viet Nam declined by 37.11 per cent and 3.25 per cent respectively.

Aircraft and satellite equipment declined the most, down 96.4 per cent compared with the same month last year.

Currently, Viet Nam has boosted projects and agreements with France, including the upgrade of Long Bien Bridge and construction of the O Mon Power Plant.

Viet Nam has also attracted investment from France in the fields of pharmacy, health-care, food processing technology and aircraft. Last year, the trade turnover between the two countries was nearly 2 billion euros ($2.8 billion), a year-on-year increase of 14 per cent.

France remains the biggest EU investor in Viet Nam. Up to the end of last year, about 300 French companies had been established in Viet Nam, mostly operating in the chemical, pharmaceutical and building industries. — VNS

Tags: Vietnam Exports to France