National exports to reach $13.8 billion in Jan 2016

According to General Statistics Office, in Jan 2016, exports of the country reached $13.8 billion, up 0.5% month-on-month and up 2.2% year-on-year. This result showed that export activities continued to be enhanced. However, in fact, more drastic solutions are in need for a strong export growth in the coming period.

In Jan 2016, some important commodities obtaining export increases were: electronics, computer; textiles; footwear; vegetables; equipment and spare parts ... Regarding market structure, the US was still the largest export market of Vietnam in the last month with a turnover of $3.1 billion, up 17.3% year-on-year; and followed by the European Union (EU) with $2.7 billion, up 1.8%; China $1.7 billion, up 24.3%; ASEAN $1.5 billion, down 12.4%; Japan $1.3 billion, up 11.5%...

According to Ministry of Industry and Trade, exported goods value to US market increased highly, and this country has become the top market of Vietnam. In particular, the US and 11 other countries (including Vietnam) have signed the Trans-Pacific Partnership (TPP), which is a strong “push” to Vietnamese exports. Thereby, most of Vietnamese goods will be tax-exempt as being exported to the US; then domestic enterprises could take the price advantage to increase our competitiveness to the same product types from countries outside TPP region.

Reported by K.T – Translated by Ngoc Huynh