Saturday, December 14, 2024 10:30:22 AM - Markets closed
VN-INDEX 1,262.57 -4.78/-0.38%
HNX-INDEX 227.00 -0.99/-0.43%
UPCOM-INDEX 92.54 -0.14/-0.15%
Positive signals for exports in remaining months of 2024
vietnamnews - 10/4/2024 9:36:20 AM
 (0 ratings. You must sign in to rate.)
Vietnam’s exports are expected to thrive in the remaining months of the year thanks to local businesses' concerted efforts and robust results during the January – September period, according to insiders.
 
 
At Đình Vũ Port, Hai Phong. Vietnam ships some US$300 billion worth of goods abroad during January – September, rising 16 per cent against the same time last year. — VNA/VNS Photo
 
Vietnam’s exports are expected to thrive in the remaining months of the year thanks to local businesses' concerted efforts and robust results during the January – September period, according to insiders.
 
The country was estimated to ship some US$300 billion worth of goods abroad during January – September, rising 16 per cent against the same time last year.
 
Tran Thanh Hai, deputy director of the Agency of Foreign Trade under the Ministry of Industry and Trade, said several groups of products posting export revenue of more than $10 billion each included machines, equipment, tool and spare parts, telephones and components, computers, electronic products and components, textiles, wood and wooden products, vehicles and spare parts while there were 11 groups of products and 31 groups of goods with export turnover of over $5 billion and $1 billion each, respectively.
 
According to the Ministry of Agriculture and Rural Development (MARD), agro-forestry-aquatic product exports rose 21 per cent to over $46 billion during the nine-month span, with the value of agricultural products accounting for the lion share of $24.85 billion, a year-on-year increase of 27.7 per cent.
 
The Vietnam Fruits and Vegetables Association (VINAFRUIT) said fruit and vegetable exports reached a record high of $5.6 billion, surging 34 per cent against the same time last year. The revenue is equal to the figure of the whole 2023 and is expected to grow strongly in the last quarter.
 
As Typhoon Yagi has left devastation for the agricultural sector, the MARD and localities are working to recover for stable production and early completion of export orders.
 
Deputy Director of the MARD’s Department of Forestry Trieu Van Luc said the forestry industry is making efforts to concretise and even surpass its export target of $15.2 billion for the whole year.
 
The ministry is continuing to support enterprises to improve their capacity in responding and resolving trade competition issues while organising exhibitions and trade promotion events to seek and expand markets for forestry products, he said.
 
Economists held that with a view to ensuring stable economic growth, localities not affected by Typhoon Yagi are accelerating production in compensation for the difficulties that the typhoon-hit provinces are encountering.
 
Deputy Minister of Agriculture and Rural Development Phung Duc Tien affirmed that the sector is striving to realise the export revenue target of $54-55 billion assigned by the Government. — VNS
 
Read original article here
Newer News
13/12 B2C e-commerce market in bloom
13/12 Garment industry urged to gain self-sufficiency in raw materials for UK expansion
13/12 PM orders swift resolution of challenges for renewable energy projects
13/12 Vietnam’s growth prospects remain resilient amid global challenges: forum
12/12 Standard Chartered forecasts US dollar trends and highlights Vietam’s positive but cautious outlook in 2025
12/12 NA Standing Committee gives nod to the foundation of an investment support fund
12/12 Ninh Thuan nuclear project seen as development driver
12/12 Vietnam’s coffee exports possibly surpass $5 billion for first time
12/12 PM issues directive on e-invoice implementation
12/12 MoIT sets export growth at 6% in 2025
Older News
03/10 Enhancing connections critical to exploiting FTAs: seminar
03/10 SSI: Masan to benefit from Vietnamese stock market upgrade
03/10 Businesses hesitate to invest in the Mekong Delta region
03/10 Vietnam among fastest-growing economies in ASEAN region
02/10 IMF forecasts VN's economic growth to reach 6.1 per cent in 2024
02/10 Innovation: Revolutionising the economic growth
02/10 New Zealand-Da Nang to bolster in hi-tech links
01/10 PM Chinh applauds Meta's contributions to Vietnam-US ties
01/10 Cashew industry faces risk of trade deficit
01/10 Vietnam needs a comprehensive national green transition strategy
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,262.57 -4.78/-0.38%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.