FDI Sector See Exports Revenue up 31 per cent On Year to US$23 Bln in Jan-Nov: Customs

Foreign-invested companies reportedly exported US$23 billion of goods in the first eleven months this year, up 31 per cent on year and accounting for 40 per cent of Vietnam’s total exports revenue this year, Vietnam Economic Times said, citing the local customs authorities.

 

The information was released at a meeting chaired by Deputy Minister of Industry and Trade Nguyen Thanh Bien in Ho Chi Minh City with an aim at addressing difficulties facing foreign-invested firms.

 

The FDI firms posted exports revenue growth over the past years. In 2007, the FDI sector’s exports accounted for 39.7 per cent of the Asean country’s total exports value, up from 37 per cent in 2006, 35 per cent in 2005 and 34 per cent in 2004.

 

Shipments by FDI firms include manufacturing, electronics, electric cable and wire, mechanical equipment, automobile spare parts, apparels, footwear and computer.

 

FDI firms in the southern province of Dong Nai and the northern province of Hai Duong take the lead with exports values accounting for 88 per cent and 77 per cent, respectively, of the total, the customs sector said. (Vietnam Economic Times)