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Việt Nam’s exports surge in four months despite pandemicViệt Nam’s exports surge in four months despite pandemicHÀ NỘI - Viet Nam's export value saw a year-on-year increase of nearly 5 per cent to an estimated US$82.94 billion in the first four months of this year despite the COVID-19 pandemic, according to the General Statistics Office (GSO). Domestic companies generated $26.45 billion from exports during the period, rising 12 per cent year-on-year and making up 32 per cent of the country's total export earnings. Meanwhile, exports of foreign-invested firms hit $56.49 billion, up 1.5 per cent and making up 68 per cent of the total. Fifteen groups of products recorded an export value of over $1 billion or equivalent to 80 per cent of the nation’s four-month total earnings. Of them, phones and parts earned the largest export turnover with $16.2 billion, up 1.1 per cent year-on-year and accounting for 19.5 per cent of the total exports. Electronics, computers and components came next with $12.4 billion, up 29 per cent year-on-year, followed by textile and garments ($8.9 billion, down 6 per cent); equipment and parts ($6.9 billion, up 30 per cent); and footwear ($5.5 billion, up 1.3 per cent). Other staples with high export value included wood and wooden products ($3.4 billion, up 10 per cent); transportation vehicles ($2.7 billion, down 4 per cent); seafood ($2.2 billion, down 8.5 per cent); plastic-made goods ($1.1 billion, up 1.3 per cent) and products made of steel and iron ($1.03 billion, up 2 per cent). From January to April, the US remained Việt Nam's biggest export market, spending $20.3 billion on Vietnamese goods, a yearly hike of 13.4 per cent. It was followed by China with $13.1 billion, up 27 per cent; the EU with $10.7 billion, down 8.1 per cent and ASEAN nations with $8.2 billion, down 3.4 per cent, the GSO said in a monthly report. Per the report, the country's imports expanded 2.1 per cent year-on-year to an estimated $79.89 billion in the period. Domestic firms spent $33.6 billion on imports, up 1 per cent year-on-year while foreign-invested companies saw a yearly turnover rise of 3 per cent to $46.31 billion. Electronics, computers and components accounted for 22 per cent of the nation’s four-month imports at $17.8 billion, up 13 per cent over the same period last year. Among others were machinery, equipment and parts at $11.5 billion, down 0.1 per cent; telephones and parts ($4.3 billion, up 12 per cent); cloth ($3.6 billion, down 11 per cent); steel and iron ($2.9 billion, down 6.5 per cent); automotive ($1.9 billion, down 23 per cent) and crude oil ($1.8 billion, up 35 per cent). China was Việt Nam's largest supplier, selling $22.7 billion worth of goods to Việt Nam, down 0.1 per cent year-on-year. South Korea ranked second by shipping $15.5 billion worth of goods to Việt Nam, up 3 per cent year-on-year, followed by ASEAN countries with $9.9 billion, down 8 per cent. According to the GSO's report, Việt Nam’s trade surplus narrowed to $3 billion in January-April from the $3.74 billion recorded a month ago. — VNS PM officially gives green light to export of medical face masks
HÀ NỘI Prime Minister Nguyễn Xuân Phúc has given the green light to the export of medical face masks without any caps on export volume so that Việt Nam would not miss out on the opportunity of becoming the world’s face mask factory amid the COVID-19 pandemic. The Government’s Resolution No 60/NQ-CP dated April 29 removed Resolution No 20’s regulation on licences for export of medical face masks. This means medical face masks could be exported without caps on export volume. Under Resolution 20 dated February 20, medical face masks could only be exported for international aid and assistance provided by the Government with export volume capped at 25 per cent of the producer’s total output. The Prime Minister also asked the ministry to propose appropriate measures on managing medical face masks based on the development of the pandemic and the domestic demand to ensure adequate supply for the domestic market. In addition, the ministries of health, and industry and trade must make public the list of face mask producers and their production capacity and export volume. The Ministry of Industry and Trade (MoIT) must enhance management and inspection to prevent speculation of face masks and raw materials as well as the production of poor-quality products. Producers must be responsible for their product quality and pledge to supply medical organisations when required. Customs statistics showed that Việt Nam exported 415.7 million face masks worth US$63.19 million from January 1 to April 19, mainly to Japan, the Republic of Korea, Germany and the US. According to the MoIT, 50 domestic producers which reported to the ministry alone had a total production capacity of eight million face masks per day. — VNS |
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