Exports top $104 billion in 11 months

Vietnam’s export turnover is expected to exceed US$104 billion in the first 11 months of 2012, up 18.4 percent over the same period last year, according to the General Statistics Office and the Ministry of Planning and Investment.

In November alone, the country’s export turnover hit $10.2 billion, down 1.2 percent from October.

The Foreign Direct Investment (FDI) sector registered an export turnover of more than 6.7 billion USD, a slight increase over the previous month and making up 65.7 percent of the country’s total exports.

Two commodity groups joined the $1 billion club; garments and textiles with an export turnover of over $13 billion, and phones and spare parts with $1.35 billion.

Vietnam’s import turnover reached $10.25 billion in November, a month-on-month rise of 0.8 percent, raising the 11-month figure in excess of $103 billion, up 6.8 percent over the same period last year.