Hoa Binh’s May exports up 32.5 percent

6/3/2020 - 6:28:59 PM

(HBO) – The COVID-19 pandemic has been put under control in Vietnam and countries have gradually reopened their economies. Therefore, export-import activities have recovered.

Son Thuy JSC in Mong Hoa commune (Hoa Binh city), specilising in woodwork production for export to China, has contributed to raising Hoa Binh province’s export value.

The provincial People’s Committee reported that Hoa Binh’s export revenue was estimated at nearly 48.5 million USD in May, up 32.5 percent from the previous month.

In the first five months of this year, the figure stood at some 225 million USD, a year-on-year decrease of 26.27 percent, fulfilling 21.79 percent of the yearly target.

Goods export revenue was close to 46 million USD last month, up 32.94 percent against April, and 211.1 million USD in the January-May period.

Meanwhile, the service sector pocketed 2.5 million USD in May, a month-on-month increase of 25 percent, and 13.8 million USD in the five months.

Hoa Binh’s import value was estimated at 44.5 million USD in May, up 34.85 percent month-on-month. However, the figure dropped by 15.92 percent to only 198.1 million USD in the five months, completing 22.65 percent of the yearly target./.

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