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BUSINESS REPORT

Boom on V billion, a 15.5 per cent increase year-
ietnam’s total trade turnover in the
first quarter of 2024 stood at $178.04
on-year, figures from the General Statistics
the horizon Office (GSO) reveal. Exports rose an impres-
sive 17 per cent and imports 13.9 per cent.

Trade in surplus
Export revenue in March was estimated
at $34.01 billion, up 37.8 per cent compared
Vietnam’s export performance is expected
to February and 14.2 per cent year-on-
to hit a new record in 2024 after rising 17% year. This brought total export value in
in the first quarter of the year. the first quarter to $93.06 billion; a year-
By NGUYEN MANH on-year increase of 17 per cent. The domes-
tic economic sector contributed $25.21
billion to the total, up 26.2 per cent, and
the foreign-invested sector $67.85 billion,
up 13.9 per cent.
Sixteen commodities posted export
turnover in excess of $1 billion, accounting
for 82.1 per cent of total export value,
while four commodities posted export rev-
enue in excess of $5 billion, accounting
for 52.7 per cent.
Industrial processing exports reached
$82.02 billion, accounting for 88.1 per
cent, agriculture and forestry $8 billion,
or 8.6 per cent, fisheries $1.86 billion, or 2
per cent, and fuels and minerals $1.18
billion, or 1.3 per cent.

30 Vietnam Economic Times May 1, 2024 en.vneconomy.vn