HCM City becomes first locality with over US$10 billion export revenue in first quarter

Tuesday, 2020-04-21 18:12:05
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The 11 localities recorded a combined export revenue of nearly US$49.35 billion, accounting for 78% of Vietnam’s total export revenue. (Illustrative image)
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NDO – Ho Chi Minh City has become the first locality in Vietnam to post over US$10 billion worth of export revenue in the first quarter of this year, according to the General Department of Vietnam Customs.

The country witnessed 11 provinces and cities reporting over US$1 billion worth of export revenue in the first quarter of this year including Bac Giang, Bac Ninh, Binh Duong, Dong Nai, Hanoi, Hai Duong, Hai Phong, Long An, Tay Ninh, Thai Nguyen and Ho Chi Minh City.

Meanwhile, the same period last year saw 10 provinces and cities with export revenues of over US$1 billion except for Tay Ninh.

The 11 localities recorded a combined export revenue of nearly US$49.35 billion, accounting for 78% of Vietnam’s total export revenue in the first three months of this year.

Ho Chi Minh City has remained the leading export locality with export revenue of US$10.5 billion, up 14.6% over the same period last year, contributing 16.6% to the nation’s total export revenue in the first quarter of the year.

Bac Ninh is the runner-up with export revenue of US$8.06 billion, an increase of over US$450 million compared to the same period in 2019.

Hai Phong posted an impressive increase in export revenue during the period with a rise of nearly US$1.05 billion compared to the same period in 2019.

Meanwhile, Hanoi and Thai Nguyen reported declines in export revenue compared to the corresponding period last year.

Hanoi’s export revenue fell to US$3.15 billion from US$3.35 billion in the first quarter of 2019 and Thai Nguyen’s export revenue fell to US$6.95 billion from US$7.36 billion.