Vietnam's exports in January highest in almost two years

HANOI (Xinhua): Vietnam's export earnings in January posted a year-on-year rise of 42 per cent to about US$33.6 billion, the highest monthly turnover since April 2022 when the figure stood at US$33.26 billion.

The statement was made by Vietnam Ministry of Industry and Trade as reported Vietnam News Agency.

The strong export growth was driven mainly by the agro-forestry-fishery sector and the processing industry, which saw respective increases of nearly 97 per cent and 38 per cent in overseas shipments.

China remained the largest exporter of goods to Vietnam, with an approximated value of US$11 billion in January, soaring 50 per cent year-on-year.

In 2023, Vietnam's export revenue stood at 355.5 billion dollars, down 4.4 percent year-on-year, according to the country's General Statistics Office. - Xinhua