Exports to France surge

Exports to France brought Vietnam over EUR144.74 million in January, representing a year on year increase of 34.3 percent.

Apparels earned over EUR 25 million while electronic appliances brought home EUR 24.51 million, representing a two-fold increase over the figure gained in December, 2010 or 15 times over the same period last year.

Wooden furniture recorded an export turnover of EUR 12.62 million, an increase of 2.73 percent year on year.

Commercial Counsellor of the Vietnamese embassy in France Pham Xuan Yen attributed the hike to the French economic rally, which he said is expected to bring in a further growth for the Vietnamese export sector in the first quarter of 2011.

In regards to Vietnam’s imports from France, which dropped by half on the monthly basis to EUR36.27 million in January, the French Customs Office expected a rise in sales of French automobiles in Vietnam such as OSA Peugeot-Citroen soon.

Most of France’s leading auto makers have opened business in Vietnam with famous Peugeot trademark alone opening two sales agents.

In addition, Vietnam has planned to speed up the disbursement of trade or investment commitments or projects such as reconstruction of French-built Long Bien bridge, construction of the medical university and contracts on Vietnam’s purchase of A380 planes.

The nation is also taking measures to boost French investment in the areas of its strength such as medicine, food technology and cosmos aviation. – VOV

Tags: Vietnam Exports to France

Posted by VBN on Mar 28 2011. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry