Ha Noi’s exports expand by 16%

Ha Noi’s export growth reached 16 per cent in the first seven months of the year for a total value of US$4.2 billion.

Recovery of the world economy, increases in export prices and benefits from free trade area agreements between ASEAN and its partners were factors contributing to the positive gains.

Goods that experienced strong growth included computer components, up 35.4 per cent; electronics, 32 per cent; garments and textiles, 22.6 per cent; and coal, 17.4 per cent.

ASEAN countries have made up Ha Noi’s largest market, accounting for more than 22 per cent of the city’s export turnover, followed by the EU at 14.6 per cent, China and Japan at about 14 per cent each, and the US at 12.3 per cent.

The city’s industry and trade department plans to organise programmes and tours for enterprises to study markets in Japan, South Korea, India, Turkey, China and Germany.

The city also accelerated administrative reforms, especially procedures involving import-export activities which prioritise imports of raw materials for production of for-export goods.

With this optimistic trend, the department expects the city’s export turnover to reach $6.8 billion by the end of the year, well above the $6.68 billion target. — VNS

Tags: Vietnam export, Vietnam trade