HCM City's export value surges 34.6%
Source: 05-MAY-2008 Intellasia | Vietnamnet
May 5, 2008 - 7:00:00 AM Ho Chi Minh City 's export value soared 34.6% to US$7.48 billion in the first four months of the year.

The rise was mainly fueled by increases in earnings from garment and textile, which raked in US$1.08 billion, up 15%; footwear; US$457 million, up 9.1%; and wooden furniture, US$151 million, up 42.3%.

Crude oil remained the spearhead export line of the city as it brought home 3.48 billion USD.

Seafood was the only product experiencing a decline in exports. It grossed over US$173 million in the period, a drop of 7.8% compared with the same time last year.

Seafood producers explained that they have been affected by petroleum price hike, which cost them 15-20% more than the previous period.

In the first four months, the country earned US$18.26 billion, a surge of 24.6% over the same period last year.