Military delegations paid tribute to President Ho Chi Minh at his Mausoleum
19:05 | 23/03/2025 10:57 | 31/08/2025News and Events
On the morning of August 31, delegations of military personnel laid wreaths and paid tribute to President Ho Chi Minh.
FDI firms power Vietnam’s exports
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.
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| 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.
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