Export Turnover, FDI Boom in July
Export turnover and foreign direct investment boomed amid falling trade deficit in July, officials said at a press briefing after the Government’s regular meeting.
Vietnam shipped goods worth of US$8.4 billion in July, driving first seven month export earnings to US$51.46 billion, or an increase of 33.5% against the same period last year.
Meanwhile, July’s imports stood at US$8.6 billion, accounting for approximately 2.4% of the total import value, and representing the lowest figure so far this year.
The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported that foreign investors pledged to pour as much as US$3.23 billion in July although only 49 projects were licensed in the month.
Furthermore, nearly US$1 billion was disbursed in July, raising the disbursement volume to US$6.3 billion, which was, however, 1.6% lower than last year’s figure.
FIA Head Do Nhat Hoang said this year’s FDI attraction volume may not be as impressive as in years ago but this is not the top priority.
Vietnamese
