Export turnover in October up 19.5%

On November 7, provincial Statistics Department said that the province’s export turnover in the first month of the fourth quarter of 2023 was promising as businesses focused on meeting year-end orders. Particularly, the province’s export turnover in October increased by 19.5% and 10.1% over the previous month and the same period, respectively. Of these, the domestic investment sector reached US$528.5 million while the foreign investment sector obtained US$2,252.1 million.

The decline in consumer demand for key industries in terms of textile-garment, footwear, wood processing... affected the whole province’s total export turnover over the past 10 months. Over the past 10 months, the province’s trade surplus was estimated at more than US$ 7.16 trillion. Of these, the domestic investment sector obtained more than US$2.03 trillion in trade surplus while the foreign investment sector gained more than US$ 5.13 trillion in trade surplus. The province’s export turnover over the past 10 months was more than US$ 25.29 trillion, down 12.8% over the same period.

Reported by Minh Duy-Translated by Kim Tin