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By early April, exports of industrial products had increased by 22 percent from the same period last year to US$6.6 billion, which accounted for 77.4 percent of the country's total export value, according to the Ministry of Industry.
Almost all export staples registered rises in export value compared to the corresponding period last year, the ministry said, citing electric cables and wires, garment and textiles, plastic products, coal, footwear, wooden products, and art craft, which recorded growth rates of between 20.9 and 32 percent.
In the review period, crude oil experienced a 10.4 percent decrease in export volume but a 16.2 percent increase in export value due to the world price's fluctuations, the ministry said.
The garment and textiles sector, despite making a 31.2 percent year-on-year increase in export value to US$1.2 billion in the period, is facing increased production costs while export prices are yet to increase and the prices of some categories must be reduced to raise their competitiveness.
In order to achieve the target of US$5.3 billion in garment and textiles export value for this year, the ministry asked companies to overcome the scarcity of labourers in industrial zones and actively seek non-quota markets.
Export value of wood products reached US$444 million in the period, representing a 21.3 percent year-on-year rise.
As the export of electronics and computer parts remained at a standstill in the period, the ministry requested businesses in the sector to boost their exports to Japan and the Republic of Korea, seek new outlets in Africa, the Middle East and southern Asia, and improve the quality of products to enter the high demand such as US and the European Union.
VOV - (10/04/2006)
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