Hanoi reports import-export turnover of $28.6 billion

July 01, 2024 | 18:35

(0) user say

Hanoi reported $28.6 billion in import-export turnover in the first half of this year, up 13.7 per cent on-year.

Hanoi reports import-export turnover of $28.6 billion

Exports accounted for $8.9 billion and the remaining $19.7 billion was import value, signifying an increase of 11 per cent and almost 15 per cent respectively, according to the statistics published by Hanoi Statistics Office.

In the second quarter, the import-export turnover was $15.2 billion, up 13.5 per cent from the first quarter and up 18.8 per cent on-year.

The export value of the second quarter was $4.67 billion, up 11.1 per cent compared to the first quarter.

Key products seeing an increase in turnover in the first half of the year include computers, electronic products and spare parts worth $1.25 billion (up 13.6 per cent on-year), transport vehicles and related products worth $1.06 billion, and agricultural products worth $836 million, among others.

Three products reported a decline in export value, namely garments and textiles worth $962 million, shoes and made-of-leather products worth $166 million, and mobile phones and spare parts worth $49 million, signifying a decrease of 4 per cent, close to 23 per cent and a little over 40 per cent, respectively.

To promote import-export activities, Hanoi will continue to improve the effectiveness of trade and investment promotion programmes, including strengthening coordination with local state management agencies, Vietnamese missions abroad, and setting up foreign trade offices in Vietnam.

Ho Chi Minh City seeks investors for $6.7 billion green projects

Ho Chi Minh City is calling for investments in 28 projects, worth around VND160 trillion (over $6.7 billion), dedicated to green growth objectives. These projects were introduced at a conference on January 24 at Lotte Hotel.

Foreign-invested groups to assist localities in attaining export turnover growth

Many localities expect soaring growth in export turnover of electronics and electric products in 2024 thanks to the contribution of new facilities expected to come into operation soon.

Registered FDI in Vietnam tops 6.17 billion USD in Q1

As of March 20, total newly-registered, additional, and contributed capital and share purchases of foreign investors stood at more than 6.17 billion USD in 2024, a year-on-year increase of 13.4 per cent.

VinFast reports Q1 revenue of $302.6 million

VinFast Auto Ltd. (Nasdaq: VFS) announced its unaudited financial results for Q1/2024 on April 17, with total revenues of $302.6 million, representing an on-year increase of just under 270 per cent.

By Ho Ha

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional