Exports and industrial production bounce back in VN"s biggest economic engine

The export value of enterprises in Ho Chi Minh City witnessed a year-on-year increase of 6.3%, reaching nearly US$17 billion in the first five months this year, according to the city’s Department of Industry and Trade.
June 08, 2020 | 09:39

exports and industrial production bounce back in vns biggest economic engine

A corner of Ho Chi Minh City

In May alone, the city's export volume rose 10% from the previous month to US$3.384 billion, with key items like rice (up 47.7%), crude oil (up 30.6%), rubber (up 8.4%) and aquatic products (up 2.4%).

China remained the largest importer of Ho Chi Minh City with nearly US$4 billion in five months, up 38.5% and making up 25.7%. It was followed by the US and Japan.

Meanwhile, exports to the economies that signed free frade agreements with Viet Nam decreased in the reviewed period, in which exports to Europe fell by 11.6% to US$1.85 billion.

According to enterprises located at the city's high-tech parks, since late April 2020, some firms have continuously launched measures to cope with impacts of the COVID-19 pandemic. In May 2020, the export value of businesses at high-tech parks obtained US$1.5 billion, up 10.7%.

The Index of Industrial Production of the country's biggest economic engine in May picked up 7.9% against the previous month and dipped 15.5% compared to the same period last year./.

exports and industrial production bounce back in vns biggest economic engine Vietnam shrimp exports head to increase in May amid Covid-19 pandemic

Vietnam shrimp exports in April experienced an increase of 5.8% to US$244.2 million, boosting the total export turnover during the opening four months of the ...

exports and industrial production bounce back in vns biggest economic engine Vietnam's footwear exports to U.S. market increase by 10% in Q1

Vietnam’s footwear and bag export value is forecast to reach 24 billion USD this year, maintaining a 2-digit increase. Footwear is one of the key ...

exports and industrial production bounce back in vns biggest economic engine Vietnam's lychees export to Singapore, US, Australia

The first batches of lychees were shipped from the northern province of Hai Duong, the country’s leading lychee grower, on May 25 to Singapore, the United States ...

exports and industrial production bounce back in vns biggest economic engine Vietnam exports dropped sharply in May

The export of Vietnam in April has been strongly affected by the Covid-19 epidemic, after achieving a relatively high growth rate in the first quarter.

Chinhphu