Yen Bai posts 130.6 million USD in 10-month exports

Economy

Yen Bai posts 130.6 million USD in 10-month exports

Friday, November 6, 2020

YBO - Yen Bai province earned more than 130.6 million USD from exports between January and October, equivalent to 62.2 percent of the annual target.

A worker of the Eco Green Plastic JSC in Yen Binh district examine goods for export (Illustrative photo)

The revenue includes nearly 61.8 million USD from the private sector, accounting for 47.33 percent of the 10-month figure and dropping 6.72 percent year on year. Meanwhile, foreign invested firms recorded over 68.7 million USD in overseas shipments, making up 52.67 percent of the total and down 5.87 percent.

In October alone, exports topped 18.2 million USD, up 1.86 percent month on month and 24.4 percent year on year.

Compared to the same period last year, an export decline was seen in both the domestic and foreign invested sectors due to complex developments of COVID-19 in many countries, especially the US, India, China, the Republic of Korea, and Japan.

Hong Duyen

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Economy