JavaScript is off. Please enable to view full site.

Vietnam Oct exports up 5.9%, industrial output rises

Vietnam Oct exports up 5.9%, industrial output rises

Sunday, October 29, 2023, 11:50 GMT+7
Vietnam Oct exports up 5.9%, industrial output rises
Workers work at a textile factory in Vietnam. Photo: Quang Dinh / Tuoi Tre

HANOI -- Vietnam's exports and industrial output rose in October from a year earlier, showing signs of a gradual economic recovery in the country which is highly sensitive to swings in global demand, government data released on Sunday showed.

Exports in October rose 5.9% from a year earlier to $32.31 billion, with imports also witnessing a rise of 5.2%, the statistics office said in a report.

However, amid lower global demand for goods, in the first ten months of the year, Vietnam's exports fell 7.1% from a year ago to $291.28 billion, while imports decreased 12.3% from a year earlier to $266.67 billion, with an estimated trade surplus of $24.61 billion over that period, it said.

Industrial output of Vietnam, a manufacturing centre for major global electronics and clothing brands, rose 4.1% in October from a year earlier, the agency said in a report, with output from manufacturing rising 4.9%.

That was an acceleration from September when industrial output increased by an annual 2.9%, according to the latest data, which however was revised from a previous 5.1% reading.

On Friday, official data showed foreign investment in Vietnam surged in October as the country attracted more than double the average monthly financial pledges it has received this year, amid a big boost in spending for new plants.

According to the statistics office, October consumer prices rose 3.59% from a year earlier.



Read more




‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Latest news

Euro 2024 video highlights: Belgium 0-1 Slovakia

Ivan Schranz scored Slovakia’s quickest goal at a major tournament to take his side to a gritty 1-0 victory over a wasteful Belgium in the European Championship on Monday, providing the first upset of the continental finals in Germany.

​Euro 2024 video highlights: Austria 0-1 France

France overcame the potentially difficult hurdle of an in-form Austria without too many scares on Monday as they got their Euro 2024 campaign up and running with a 1-0 victory courtesy of an own goal.