Vietnam earns more than US$10.2 billion from exports in 11 months

Ha Noi, Nov. 29 (VNA) -- Viet Nam earned more than USD 10.2 billion from exports in the past 11 months, a year-on-year increase of 20.1 percent, according to the General Statistics Office (GSO).

The country is expected to obtain an export value of USD 11.25 billion this year, nearly USD 2 billion more than in 1998, registering a growth rate of 20 percent.

Foreign-invested enterprises earned an export value of nearly USD 4.1 billion in the past 11 months, a 39 percent year-on-year increase.

The export of crude oil considerably increased in the first 11 months of this year to 13.45 million tonnes for USD 1.76 billion. As the price for crude oil has risen in recent months, revenues from crude oil exports this year are estimated at a record of nearly USD 2 billion, an increase of USD 500-600 million over last year.

Garment and textile exports brought in more than USD 1.52 billion; footwear, USD 1.23 billion; sea produce, more than USD 890 million, and rice, USD 964 million.

Meanwhile, the country imported USD 10.34 billion worth of goods, down by 0.6 percent from the same period last year. It spent USD 1.8 billion on machinery and equipment, nearly USD 1 billion on petrol, USD 544 million on steel, and USD 322 million on motorbike parts.

The country's import value this year is estimated at USD 11.45 billion. This means Viet Nam will incur a trade deficit of USD 200 million, the lowest level so far.