Industrial production value surges in the first quarter of 2018

According to the latest figures from General Statistics Office, export turnover in Q1-2018 of the country was estimated at $54.31 billion, up 22% over the same period last year; of which, domestic economic sector achieved $14.97 billion, FDI sector (including crude oil) reached $39.34 billion. Some main products retained growth rate level compared with the same period last year, such as phones and components achieved $12.3 billion, textiles and garments $6.3 billion, electronics, computers and components $6.3 billion, aquatic products reached $1.7 billion...

Meanwhile, import turnover of Q1-2018 was estimated at $53.01 billion, up 13.6% over the same period last year. Thus, in Q1-2018, the country achieved a trade surplus $1.3 billion; of which the domestic economic sector achieved $6.3 billion, FDI sector (including crude oil) $7.6 billion.

Regarding export and import of services, the country's service export turnover in Q1-2018 was estimated at $3.9 billion, of which tourism services reached $2.8 billion, transportation services reached $700 million. Import turnover of services was estimated at $4.3 billion, of which transport services reach $2 billion, tourism services $1.4 billion. Overall, the service trade deficit in Q1-2018 of the country was $391 million.

Reported by P.V – Translated by Ngoc Huynh

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