Vietnam'S Exports Reached US $43 Billion 300 Million In The First 8 Months.

In the first 8 months of this year, Vietnam's exports amounted to $43 billion 300 million, an increase of 39% over the first three months of this year, the General Administration of statistics of Vietnam reported.

The 9 products exported to US $1 billion, and completed their export targets.

Crude oil exports still ranked first, exports from January to August $7 billion 880 million, followed by clothing and textiles, exports of $6 billion, an increase of 20% over the same period last year.

Exports of other industrial products also showed high growth, with $3 billion 160 million for shoes exports, $1 billion 660 million for electrical and computer exports, $1 billion 800 million for wooden furniture exports, and $1 billion 40 million for rubber exports.

There was a breakthrough in the export of agricultural products in the same period.

Seafood exports reached a new high of three years, an increase of 20.8%, close to 2 billion 900 million US dollars, rice exports 2 billion 240 million US dollars, coffee exports 1 billion 540 million US dollars, year by year 96% and 9% respectively.

Although exports are growing, the trade deficit is still a heavy burden on Vietnam's trade balance. The trade deficit has expanded to 16 billion US dollars, equivalent to 37% of the total export volume.

The Statistics Bureau reported that Vietnam imported about $59 billion 300 million in the first 8 months, an increase of 54% over the past year.

Among them, domestic enterprises imported more than 40 billion US dollars, foreign enterprises imported 19 billion 200 million US dollars, and their annual output increased by 65.4% and 41.3% respectively.

The Ministry of industry and Commerce said that the government will take comprehensive measures at the end of the year to narrow the trade deficit while stabilizing the domestic market and ensuring the balance between supply and demand of essential commodities.

In addition to promoting exports, the Ministry of industry and Commerce will also strive to improve the price forecasting ability under the situation of sharp fluctuations in the world market.