HCMCity Reports Slight Fall in Jan-Aug Exports

Ho Chi Minh City’s export revenue was estimated to have decreased 4.5 per cent on-year to reach US$9 billion in the past eight months of this year, local media reported.

 

Of the total, state-owned sector earned over US$6.83 billion, down 3.5 per cent on year while foreign-invested sector brought about over US$1.88 billion, up 8.6 per cent on year and private sector contributed US$284.5 million, on year increase of 8.6 per cent.

 

During the eight-month period, crude oil was still the biggest forex earner with US$5.09 billion, down 12.2 per cent on-year.

 

It was followed by apparels with US$672.5 million, up 11.4 per cent on-year, rice US$370.6 million, up 24.4 per cent, footwear US$164.3 million, up 2.5 per cent, seafood products US$144.7 million, up 6.9 per cent, rubber US$83.6 million, up 48.2 per cent, and milk US$16.8 million, down 68.9 per cent.

 

However, information about the city’s import spending has not yet been made available.

 

This year, Ho Chi Minh City aims to fetch US$15.7 billion from exports, an on-year increase of 14.9 per cent. (Vietnam Economic Times Sep 4 p4, HCM City Financial Department, Vietnam Panorama)