{"id":1752,"date":"2017-04-24T22:35:57","date_gmt":"2017-04-24T15:35:57","guid":{"rendered":"http:\/\/www.vtrlogistics.com.vn\/?p=1752"},"modified":"2017-04-24T22:35:57","modified_gmt":"2017-04-24T15:35:57","slug":"vietnams-exports-still-dominated-by-fdi-firms","status":"publish","type":"post","link":"https:\/\/www.vtrlogistics.com.vn\/?p=1752&lang=en","title":{"rendered":"VIETNAM\u2019S EXPORTS STILL DOMINATED BY FDI FIRMS"},"content":{"rendered":"

The turnover of foreign invested firms continues to dominate Vietnamese exports despite a decline seen in the first half of April latest statistics show<\/span><\/p>\n

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\"vietnams<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

According to the General Department of Customs (GDC), as of April 15, exports by FDI firms reached nearly US$10.87 billion, down 13% month-on-month.<\/span><\/p>\n

Despite the fall, however, the sector accounted for 65.1% of the total export turnover this year (January 1 to April 15, 2017) at US$70.05 billion, which marked an increase of 10.95% over the same period in 2016.<\/span><\/p>\n

FDI firms in the country now have an accumulated 2017 trade surplus of US$3.92 billion, making them significant contributors to national export value.<\/span><\/p>\n

Meanwhile, Vietnam\u2019s total export from the April 1 to April 15 was US$16.37 billion, a month-on-month drop of 13.9%.<\/span><\/p>\n

This took total exports for this year to more than US$107.58 billion, an increase of nearly US$16.76 billion or 18.5% over the same period in 2016.<\/span><\/p>\n

However, the months leading to April 15 have seen a trade deficit of US$2.56 billion, about 4.9% of export value.<\/span><\/p>\n

On the other hand, Vietnam\u2019s imports from January 1 to April 15, 2017 reached US$55.07 billion, up 23.1% over the same period last year.<\/span><\/p>\n

Accumulated import turnover for FDI firms reached more than US$33.06 billion, up 23.7% year on year, accounting for 60% of the nation\u2019s total imports.<\/span><\/p>\n

The GDC report said the manufacturing sector will grow significantly with the opening of new FDI factories, on top of a record FDI disbursement of US$15.8 billion in 2016. The construction sector should benefit in particular from higher FDI disbursements as also continued public investments in the energy and transport sectors.<\/span><\/p>\n

The first quarter has also saw foreign firms add US$7.71 billion in newly registered and supplemental capital. They increased their capital contribution and share purchases by 77.6% over the same period in 2016, with US$2.9 billion for 493 newly registered projects and US$3.9 billion for adding capital to 223 existing projects.<\/span><\/p>\n

On the domestic front, export value for certain goods showed strong declines: steel was down 62%; computer, electronic parts and accessories, down 27.8%, textiles, down 20.4%; wood products, down 23.8%.<\/span><\/p>\n

Only a few goods showed improvement in export value. Rice was up 6.5% and mobile devices and accessories went up three percent.<\/span><\/p>\n

Source: VNA<\/em><\/a><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The turnover of foreign invested firms continues to dominate Vietnamese exports despite a decline seen in the first half of April latest statistics show According to the General Department of Customs (GDC), as of April 15, exports by FDI firms reached nearly US$10.87 billion, down 13% month-on-month. Despite the fall, however, the sector accounted for …<\/p>\n","protected":false},"author":2,"featured_media":1331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,75],"tags":[759,757],"acf":[],"_links":{"self":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1752"}],"collection":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1752"}],"version-history":[{"count":3,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1752\/revisions"}],"predecessor-version":[{"id":1755,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1752\/revisions\/1755"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/media\/1331"}],"wp:attachment":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}