FDI sector accounts for nearly 68% of country’s trade turnover

Enterprises, workers in non-State, FDI sectors rise rapidly Enterprises, workers in non-State, FDI sectors rise rapidly
FDI sector posts over 14 billion USD in four-month trade surplus FDI sector posts over 14 billion USD in four-month trade surplus
FDI sector remains export pillar of Vietnam’s economy FDI sector remains export pillar of Vietnam’s economy
Chart: T.Binh
Chart: T.Binh

According to the latest statistics of the General Department of Customs, exports of FDI enterprises in the first period of July (July 1-15) decreased 11.2% or US$ 1.49 billion USD) compared to the second period of June 2024 to US$11.8 billion.

From the beginning of the year to the end of July 15, the total export turnover of this sector reached US$148.71 billion, a year-on-year increase of 13.7% or US$17.92 billion, accounting for 72% of the country’s total export turnover.

FDI enterprises are present in most of our country’s key export product groups, especially they have a great advantage in groups worth tens of billions of dollars such as: computers, electronic products and components; phones and components; machinery, equipment, tools, spare parts…

On the contrary, imports by FDI sector in the first period of July rose 15% or US$ 1.41 billion compared to the second period of June 2024 to US$10.81 billion.

From the beginning of the year to the end of July 15, 2024, the total import turnover of FDI enterprises reached 124.15 billion USD, a year-on-year increase of 16.2% or US$17.35 billion, accounting for 63.5% of the country’s total import turnover.

Thus, from the beginning of the year to July 17, the total import-export turnover of FDI enterprises reached US$272.87 billion, a year-on-year increase of 14.8% or US$35.27 billion, accounting for 67.77% of the country’s total import-export turnover.

The trade balance of FDI enterprises had a surplus of US$24.56 billion.

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