The country’s total export-import value during the period was estimated at $262.54 billion, down by 14.7 per cent YoY. Out of that, export turnover was worth $136.17 billion, while imports were worth $126.37 billion—down by 11.6 per cent and 17.9 per cent respectively.

The budget revenues from export-import in Vietnam were over $6.5 billion between January and May, making up 36 per cent of the budget estimate and down by 18 per cent year on year (YoY).
The country’s total export-import value during the period was an estimated $262.54 billion (exports $136.17 billion and imports $126.37 billion)—down by 14.7 per cent YoY.

In May, the customs department collected more than 30 trillion VND, marking a month-on-month decrease of 6.23 per cent.

The fall was attributed to the drop in the taxable import value of certain items, such as completely built-up automobile, iron and steel, mobile phones and components.

The country witnessed a higher number of temporary and permanent business withdrawals from the market than the number of enterprises joining or re-entering the market for the first time, a news agency reported.

Fibre2Fashion News Desk (DS)