Apparel Takes Lead among Vietnam's Forex Earners

Vietnam’s apparel exports were estimated to have reached US$5.805 billion in the first January-September period, up 31 per cent on year, surpassing the crude oil sector to become the country’s leading forex earner, the Ministry of Finance said.

 

The apparel exports will maintain the first position in the coming time, based on growing number of apparel exports contracts thanks to Vietnam’s WTO accession and the U.S. quota lift, it said.

 

Meanwhile, Vietnam shipped US$5.781 billion worth crude oil, down 11 per cent on year, and it is forecast to shrink due to limited oil exploitation sources.

 

According to the Ministry of Industry and Trade, Vietnam exported US$35.6 billion worth goods in the January-September period, up roughly 20 per cent on year, US$4.1 billion in September alone.

 

By the end of September, eight key exports of Vietnam hit US$1 billion, including seafood (US$2.73 billion), rice (US$1.264 billion), coffee (US$1.47 billion) up 86 per cent on year, footwear (US$2.969 billion), PC spare parts and electronic items (US$1.513 billion) and furniture (US$1.71 billion). (Finance Ministry, VNA)