FDI firms power Vietnam’s exports

09:09 | 03/01/2024FDIFollow Ven.vn on
Foreign firms contributed 259.95 billion USD or 73.1% of Vietnam’s total export revenue in 2023, statistics show.
The sector has played a crucial role in the national economy, as reflected through its export turnover, job generation, and the formation of supply chains in such key industries as electronics, machinery, garment-textile and footwear.
The FDI sector plays a crucial role in the national economy. (Photo: VNA)

Notably, 2023 marked the eighth consecutive year Vietnam had run a trade surplus, reaching a record high of 28 billion USD, with the FDI sector contributing a whopping 90% in many major areas.

Specifically, the firms accounted for 99.6% in phones, over 98% in computers, 93% in machinery, and more than 60% in garments-textiles.

Vietnam has been named among the top 20 economies with the largest trade scale globally, significantly contributed by the FDI sector. The large FDI influx has created a foundation to advance the country on the global trade map.

Last year, with 275.9 billion USD, the sector's export earnings equated to 74% of the country’s accumulative export revenue.

Source: VNA
Comment

LatestMost Read
Vietnam - Philippines strengthen economic, trade and agricultural cooperation

Vietnam - Philippines strengthen economic, trade and agricultural cooperation

19:05 | 23/03/2025 00:06 | 03/06/2026News and Events

As part of the State Visit to the Republic of the Philippines by Party General Secretary and State President To Lam and his spouse from May 31 to June 1, 2026, Minister of Industry and Trade Le Manh Hung joined the high-level Vietnamese delegation and participated in a series of important activities aimed at strengthening economic and trade cooperation between the two countries.