Export of processed industrial goods drops 20% in April

Export of processed industrial goods drops 20% in AprilVietnam's export revenue in April was estimated at US$19.7 billion, down 18.4% compared to March. (Illustrative photo: VNA)

NDO – According to the Ministry of Industry and Trade, Vietnam's export revenue in April was estimated at US$19.7 billion, down 18.4% compared to March and down 3.5% over the same period last year.

Remarkably, the processing industry dropped sharply by 20% comparing to March, estimated at US$16.4 billion.

Statistics showed that exports of computers, electronic products and components decreased by 10.5% compared to March 2020, reaching US$3.3 billion. Telephones and accessories decreased by 37.9%, reaching US$3.3 billion.

In addition, exports of textiles and garments decreased by 18.8%, reaching US$1.9 billion, while other machinery, equipment, tools and spare parts decreased by 8.3%, (US$1.8 billion); footwear down 6.6%, (US$1.3 billion); wood and wooden products dropped by 13.8%, (US$850 million).

To support enterprises to overcome the COVID-19 epidemic in the coming time, Minister of Industry and Trade Tran Tuan Anh suggested that ministries, branches and businesses should continue to take advantage of the free trade agreements, thereby continuing to improve the cooperation frameworks with these supply chains and partners in the region and around the world.

In addition, he also emphasised the need to improve policy frameworks that promote supply chain mechanisms and supply chains, both domestically and internationally, as well as accelerate the implementation of the Politburo's Resolution No.23 on industry, and Government's Decree No.111/CP on supporting industry.

News Related


Honda Vietnam’s motorcycle sales down, auto sales up in June

Motorcycle sales of Honda Vietnam decreased 3 percent in June, while its auto sales expanded 17 percent, the company unveiled on July 10. Read more »

Vietnamese automaker boosts sales of passenger cars to Thailand

Truong Hai Auto Corporation (THACO), a leading automaker in Vietnam, has sold 80 Kia Grand Carnival cars to Thailand. Read more »

Vietnamese electric motorbikes to be seen on Chinese, European streets

Many international partners want to cooperate with manufacturer PEGA Vietnam to ship PEGA-S electric motorbikes to China and Europe. Read more »

Brokerages see shifts in Q2 market share

While Saigon Securities Inc. (SSI) has kept its leading position in the market, HSC has lost its runner-up position to VCSC. Read more »

Africa remains potential market of Vietnam post-pandemic: Trade official

With a population of 1.3 billion, Africa will still be a market of good potential for Vietnam after the COVID-19 pandemic, according to Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan, who is... Read more »

VN-Index ends five-session gaining streak

The VN-Index slumped 0.6 percent to 871.21 points Friday, with private bank stocks the biggest drag on the market. Read more »

Forestry exports will not be lower than 12 billion USD: Official

Forestry exports will be no lower than 12 billion USD this year, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan told a meeting in Hanoi on July 10. Read more »

Renewable energy yet to meet potential: conference

The development of wind and solar power has not matched its great potential, especially in the central and southern regions, experts said at a recent conference. Read more »

Economists peg Vietnam 2020 GDP growth at 3-4 pct

Vietnam’s GDP growth is likely to fall well short of the parliament mandated 6.8 percent for the year at 3-4 percent, economists say. Read more »

Vietnam has 30.8 million people hurt by new coronavirus: report

People file for unemployment benefits at a job centre in Hanoi. (Photo: Lao Dong Newspaper) NDO – The coronavirus outbreak has had a negative impact on 30.8 million Vietnamese people aged 15 and... Read more »