June 06, 2023 | 06:30 GMT+7

Exports of many localities down amid difficulties

Song Hoàng -

Ongoing difficulties in production, trade, and consumption causing export declines.

The export and import revenues of many localities considered locomotives in Vietnam have declined due to difficulties in production, trade, and consumption.

Figures from the Statistics Office of northern Thai Nguyen province shows that the province’s total export and import turnover has reached over $18 billion this year, down 23.2 per cent year-on-year.

Of the total, exports were estimated at $11.56 billion, a year-on-year fall of 20.1 per cent.

In neighboring Bac Ninh province, export and import value in the first five months of the year fell 23.7 per cent year-on-year.

In the south, Ho Chi Minh City has faced similar problems, with total import and export turnover down more than 21 per cent year-on-year in the first four months, to $12 billion. A decline was seen in many key export products, such as garments and textiles, seafood, and wooden products.

In the first five months of the year, the country posted export and import revenue of $262.54 billion, down 14.7 per cent year-on-year.

Exports were estimated at $126.37 billion, down 17.9 per cent.

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