VietnamCredit
VietnamCredit About Us Cafe€redit Contact Us
Login Register
0
USD
GO TO CART
Check out

2018H1: Growth rate of export turnover of domestic enterprises is higher than that of FDI enterprise

Wednesday 18, 07 2018
For the first time in many years, Growth rate of export turnover of domestic enterprises is higher than that of FDI enterprises. According to the Ministry of Industry and Trade, exports of domestic enterprises increased 19.9% over the same period las
2018H1: Growth rate of export turnover of domestic enterprises is higher than that of FDI enterprise
One of the signification points of Vietnam economy in the first haft of 2018 is that the growth rate of export turnover of domestic enterprises is higher than that of FDI enterprises. This is the highest growth rate in the past 3 year that contributing to the balance trade and collecting foreign currency for the country.

For the first time in many years, Growth rate of export turnover of domestic enterprises is higher than that of FDI enterprises. According to the Ministry of Industry and Trade, exports of domestic enterprises increased 19.9% over the same period last year, significantly higher than that of foreign invested enterprises of 14.5%.

Although the growth rate of export turnover of domestic enterprises is higher than that of FDI enterprises, the share of FDI companies in total exports is still so high ( about 70%). Especially in Telephone, mobile phone and part thereof this number is nearly 100%, Computer, electrical products, spare-parts and component thereof: 97%, Foot - wear: 77% and Textiles and leathers: 60%.


 
According to experts, thanks to the tariff preferences in the signed FTAs, Vietnamese bussinesses expanded more new export markets. In the first 6 months of 2018, Vietnam's export turnover to the US market increased by 9.2%, EU 12.3%. In particular, Vietnam's exports to some potential markets have significant growth rates such as India increased 96.6%, Iraq increased 27.9%.

However, there are some difficulties and challenges for export activities such as: applying strict protectionist measures, food safety standards and environmental protection from countries signed FTAs. As a result, the average export target of $ 20.45 billion per month for the last 6 months is still a big challenge for the business community.

See more: 
Forecast of General Department of Customs

 

You may also like

VIETNAM BEVERAGE INDUSTRY REPORT 2020 - FREE DOWNLOAD
Wednesday 01, 04 2020

VIETNAM BEVERAGE INDUSTRY REPORT 2020 - FREE DOWNLOAD

On Wednesday 1 April 2020, Vietnam Creditrating Joint Stock Company (VietnamCredit)...
VIETNAM INSURANCE INDUSTRY REPORT 2020 - FREE DOWNLOAD
Wednesday 01, 04 2020

VIETNAM INSURANCE INDUSTRY REPORT 2020 - FREE DOWNLOAD

Vietnam Creditrating Joint Stock Company (VietnamCredit) has just published...
+84 37 99 44 511