Three more exports join US$1 billion club

Coal, rubber and steel had all recorded an export turnover of over US$1 billion by September this year, raising the number of members of the US$1 billion club to 13, according to the Ministry of Planning and Investment.

The others include garments, footwear, crude oil, seafood, gemstones, wooden products, electrical goods, computers, machinery and vehicles.

Over the past nine months, the increasing prices of many commodities have helped to raise the country’s total export turnover to US$,1.5 billion, up 23.2% year-on-year and four times the amount set out in the NA’s plan.

Around 48% of Vietnam’s exports went to the Asian market, followed by America with 23% and Europe on 22%.

The country saw its lowest trade deficit in recent years, around US$8.85 billion in the first nine months, equivalent to 16.7% of total export turnover. (VNA)

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