(VOVworld) - The Ministry of Planning and Investment reported that low CPI rise this month signals decrease tendency of inflation. The export turnover in the first quarter of the year was estimated at nearly 24.5 billion USD, an increase of 23.6 percent compared to the same period last year. The import surplus was low, estimated at around 251 million USD which significantly helps balance and stabilize foreign currency rate. The Ministry said localities need to further develop industry especially manufacturing industry and support enterprises in product consumption and promote trade promotion activities in the coming time.

Garment and textiles is Vietnam’s major export item with turnover reaching more than 3.2 billion USD, an increase of 15.4% against the same period last year. The General Statistics Office says so far this year apparel exports to traditional markets maintain stable growth. By the end of February, the US remained Vietnam’s main importer of garment and textiles, followed by the European Union. Experts suggest that businesses seek opportunities in new markets such as the Republic of Korea, New Zealand, India and Russia.