Export of gems and precious metals accelerated

Oct 25th at 20:27
25-10-2016 20:27:22+07:00

Export of gems and precious metals accelerated

Viet Nam's export of gems and precious metals reached US$729.85 million in revenue in the first nine month of this year, a year-on-year increase of 63.44 per cent.

 

These statistics were revealed by the General Department of Vietnam Customs.

It's reported that the country's gems and precious metals are exported to 14 countries and territories including Switzerland, United States, United Arab Emirates and Japan, as well as South Korea and France.

Switzerland was the largest importer with turnover of $324.83 million, accounting for 45 per cent of Viet Nam's total exports and representing a 23-fold increase compared with the same period last year.

The second largest importer was the United States with an import value of $243.33 million, 8.73 per cent lower than the same period last year, accounting for 32 per cent of Viet Nam's total exports.

It was followed by Japan, which imported gems and precious metals worth $38.77 million, a year-on-year increase of 15.56 per cent.

The growth rates of exporting gems and precious metals to South Korea and Germany were 46.77 per cent and 7.48 per cent, respectively.

However, exports to a number of countries and territories also declined, such as Belgium, France, Australia and Taiwan, with year-on-year reduction of 38.35 per cent, 13.11 per cent, 3.52 per cent and 29.91 per cent, respectively.

bizhub



NEWS SAME CATEGORY

2016 cement sales goal in doubt

Industry insiders are concerned the cement industry will find it hard to meet the target of selling 75-77 million tonnes of cement this year due to market...

Seminar talks using rice husk

Finding suitable technological solutions to turn rice husk into amorphous silica, a feedstock for many industries, would add huge value to the rice industry, a...

Petrol price hike of over VND400 per litre

Retail prices of RON 92 petrol and E5 bio-fuel increased by VND441 (US$0,019) and VND392 per litre, respectively, yesterday.

Gas businesses want compensation

Some 800 small and medium sized gas trading companies have submitted a proposal to the Prime Minister Nguyen Xuan Phuc and Minister of Industry and Trade Tran Tuan...

Association rejects ‘sponsored survey’ allegations from Vietnam’s fish sauce makers

The association behind a food safety survey that found an excessive amount of arsenic in dozens of Vietnamese fish sauces has dismissed allegations that it was...

Ministry of Agriculture stops US dried grains import

Deputy Minister of Agriculture and Rural Development Le Quoc Doanh signed a decision on October 17 to stop all imports of distillers' dried grains from the United...

Vietnam fish sauce found with excessive arsenic content: survey

Nearly 70 percent of fish sauce samples taken in a recent survey by the Vietnam Standards and Consumers Association (Vinastas) have been found to contain excessive...

Allow raw sugar imports: VSSA

Viet Nam Sugar cane and Sugar Association (VSSA) has proposed that the Prime Minister allows importing raw sugar instead of refined sugar to save foreign currency...

Vedan requests import own coal

Vedan Vietnam Enterprise Corporation Limited (Vedan Vietnam) is the second 100 per cent foreign-owned company that wants to directly import coal to fuel its own...

Local gold price up, but market unstable

The local gold price increased slightly yesterday due to worries of instability in the market despite positive signs from the US economy.

Commodity prices


MOST READ


Back To Top