According to preliminary data recently announced by the General Department of Customs, Vietnam’s total export turnover reached 16.38 billion USD in the second half of March (March 16-31), up 22.8% (equivalent to an increase of 3.05 billion USD) compared to the first half of March, 2023. Notably, export turnover is mainly contributed by the FDI sector.
In the second half of March, exports of FDI enterprises reached 12.02 billion USD, up 23.3%, equivalent to 2.27 billion USD compared to the first half of March. Thus, FDI enterprises contributed more than 90% of the additional export turnover in the second half of March. In fact, the groups of export products with large growth in this period are also the dominant groups of FDI enterprises.
Specifically, phones and components increased by 715 million USD, corresponding to an increase of 40.8%; computers, electronic products and components increased by 442 million USD, corresponding to an increase of 19.9%; machinery, equipment, tools and spare parts increased by 432 million USD, corresponding to an increase of 27.5%; iron and steel of all kinds increased by 274 million USD, equivalent to 131.7%; footwear of all kinds increased by 157 million USD, equivalent to 22.2%…
Despite the positive trend, in the whole first quarter, export turnover still grew negative. In the first quarter, Vietnam’s exports reached 79.3 billion USD, down 11.8%, equivalent to 10.58 billion USD down over the same period in 2022.
