Ho Chi Minh City’s Export Turnover Reaches US$30 Billion in 2012

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Dec. 18 – According to the Municipal Department of Industry and Trade, Ho Chi Minh City’s total export turnover during 2012 reached US$30.35 billion, representing a year-on-year increase of 7.36 percent.

The Department’s Deputy Director, Huynh Khanh Hiep, further highlighted that the foreign invested sector registered an export value of US$8.8 billion, an increase of 14.87 percent. Ho Chi Minh City’s state-owned sector reported an export turnover of US$21.45 billion, an increase of 4.56 percent compared to the previous year.

Ho Chi Minh City exported five products that exceeded US$1 billion in 2012, including textiles and garments, electrical and electronic products, rice, footwear, and rubber products. Deducting the exports of crude oil, the city’s exports reached US$21.55 billion overall, an astounding increase of 13.2 percent.

Looking forward into 2013, Ho Chi Minh City plans to boost its GDP growth rate by 9.5 percent, and its per capita income to US$4,000. Furthermore, it intends to record investments valued at US$11.9 billion, and to boost its annual export turnover by 13.5 percent compared to 2012.

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