Hanoi's five month export-import turnover skyrockets

Hanoi enjoyed a surge in exports-imports in the first five months of this year, signalling the capital city’s strong economic recovery, according to the municipal Statistics Office.

At a garment factory (Photo: VNA)
At a garment factory (Photo: VNA)

The city earned over 6.9 million USD from exports, posting a year-on-year surge of 18.8 percent, with the domestic sector accounting for 3.74 million USD and the foreign-invested one nearing 3.17 billion USD, up 18.8 percent and 18.7 percent, respectively.

Garment-textile enjoyed an export value of over 1 billion USD, expanding 39.2 percent, while that of computer, electronics and components valued at 954 million USD, up 20.5 percent.

Meanwhile, import turnover reached 16.4 billion USD, a 20.2 percent increase year-on-year with the domestic sector hitting 13.3 billion USD and the foreign-invested one 3.1 billion USD, up 25.7 percent and 1.4 percent.

As the COVID-19 pandemic has fundamentally been brought under control, Hanoi authorities are working to attract investment, especially FDI. The number of newly-established businesses has been on the rise.