Vietnam’s export turnover rises 16% in first half of year

Vietnam's export turnover is likely to reach 114 billion USD in the first half of this year, an increase of 16%.

The foreign invested sector, including crude oil, surpassed 80 billion USD, 71% of the total export turnover. Associate Professor Doctor Pham Tat Thang said the figures show there has been no significant increase in the participation of domestic firms in the supply chain of foreign investors in Vietnam. He suggested that Vietnam change its development strategy to increase the value of manufacturing and export.

We need to pay more attention to FDI projects by countries with modern industry. In particular, we need to prioritize projects with technology level of industry 4.0. This is an opportunity for us to improve the capacity and competitiveness of our economy, Thang said.

Source: VOV5

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