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February exports up 25.1%   2009-03-03 - VietNamNet/ND

Vietnam’s export turnover in February is estimated at US$4.3 billion, up 25.1% against the same period last year, according to the Ministry of Industry and Trade.

Of the figure, the domestic invested sector contributed US$2.5 billion, up 86.3% while the remaining US$1.8 billion is contributed by the foreign invested sector, down 14%.

The increase in February export turnover is attributed to the increases in exports of some key agricultural products such as coffee, up 74.4%; cashew nuts, up 83.3%; tea, up 60%, pepper, up 186.9% and rice, up 98.2%, against the same period last year.

Especially, in February, domestic gold traders boosted the exports of gold as the domestic gold price is lower than that on the world market.

In February, Vietnam is estimated to import US$4.4 billion worth of products, down 28.6% against the same period last year, but up 32% against January. Of this, domestic invested businesses imported an estimated US$2.8 billion worth of products while foreign invested businesses imported products worth US$1.6 billion.

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