[NEWS] - FDI enterprises account for 72% of the country’s import and export turnover

FDI enterprises account for a high proportion of import and export turnover

According to information, enterprises with foreign direct investment (FDI) still maintain the most significant contribution proportion in the import and export turnover of our country. According to the latest information from the General Department of Customs, on the period of January 1, 2023, the import and export of FDI enterprises reached about 33.5 billion USD. However, there was a decrease rate of approximately 22.1%, equivalent to 9 billion USD but still accounts for approximately 72% of the total turnover of the country.

Meanwhile, the import-export sector of domestic enterprises was 13.06 billion USD, down 31.5%, equivalent to 6 billion USD compared to the same period last year. In the second half of January 2023, the export industry of FDI enterprises reached about 7.14 billion USD, down equivalent to 3.66% billion USD compared to the first period of the month. The total in January reached 17.97 billion USD, down about 21.5% (equivalent to 4.92 billion USD) compared to the same period last year, accounting for about 76.1% of the total export turnover of the country.

Import of goods by FDI enterprises in the period 2 January 2023 reached 6.07 billion USD, down 35.3% (equivalent to 3.32 billion USD) compared to the period 1 January 2023. Generally, the month reached about 15.53 billion USD, down 22.8% (equivalent to 4.6 billion USD) over the same period last year, accounting for about 67.7% of the total import turnover of the country.

For many years, FDI enterprises have maintained the leading role in the import and export activities of our country.

Typically, in 2022, the total import-export turnover of FDI enterprises will reach about 506.83 billion USD, an increase of about 9.3% (equivalent to 43.2 billion USD) compared to 2021. Which, exports will reach about USD 273.63 billion, an increase of 11.6% (equivalent to nearly USD 28.5 billion) compared to 2021, accounting for about 73.7% of the total export turnover of the country.

Last year, foreign-invested enterprises had 6 groups of exports with a turnover of 10 billion USD or more, including: computers, electronic products, and components; Phones and components; machinery, equipment, spare parts, tools; Footwear; textile; means of transport and spare parts.

In contrast, imports of FDI enterprises reached about 233.2 billion USD, up 6.7% (equivalent to 14.72 billion USD) over the previous year, accounting for 65% of the total import turnover of the country. In 2022, the trade balance of FDI enterprises has a trade surplus of 40.43 billion USD.

Through the above information, we can clearly grasp the situation and compare the export potential of domestic enterprises and FDI enterprises. For FDI, it accounts for a higher proportion of export - imports. Thanks to the support from foreign resources, this is also a great opportunity for small and medium enterprises wishing to export goods abroad. Indochina Holdings is a unit established by Indoco. Operating in the fields of investment and trade promotion. As a trade bridge between the business community in Vietnam and businesses in many developed countries around the world, we will accompany and bring the products of small and medium enterprises to export successfully. In order to contribute to the rate of import and export turnover of Vietnam in the future.

Yen Dang (Collection source)