Vietnam’s exports rise 7.8% in first 11 months

reporting period fell 2.6 percent from a year earlier to 349.50 trillion yen ($3.19 trillion). The decline came on the heels of a 0.4 percent rise booked in the previous quarter, the ministry’s statistics showed, with the latest decline being partly attributed to declines on petroleum product prices. Companies in manufacturing industries, specifically those related to metal production and making telecommunication equipment, weighed heavily in terms of sales, the ministry noted.

government’s efforts to reduce the number of out-of-school and unemployed young Filipinos that impedes more inclusive growth in the country. The Manila-based ADB said this program will support government reforms aimed at improving the employability of young Filipinos through labor market programs and providing easier access to on-the-job training schemes to help them secure and retain jobs. The ADB said the program builds on ADB’s previous support to the government’s employment initiatives, particularly the Department of Labor and Employment’s design and roll out of the Jobstart Philippines Program, a full-cycle youth employment facilitation program that has become law with adequate government funding.

Vietnam made export turnovers of more than $241.4 billion in the first 11 months of this year, up 7.8 percent against the same period last year, while seeing import turnovers of more than $232.3 billion, up 7.4 percent, the country’s General Statistics Office said on Monday. Specifically, Vietnam earned $48.7 billion from exporting phones and components, up 5.4 percent; reaping $32.4 billion from electronic goods, computers and components, up 19.4 percent; and $16.5 billion from footwear, up 12.5 percent.