The capital city of Hanoi reached an export value of $1.34 billion in the first two months of 2012, a rise of 4.1 percent over the same period last year.

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The city’s Department of Statistics reported that of the commodities, temporarily imported and re-exported petrol posted the highest growth to garner $269 million. It was followed by computer spare parts and peripheral devices, with $245.1 million.

According to economic experts, the positive sign highlights business efforts to seek new markets in the context of capital shortage, high material prices, and a scarcity of new contracts.

This also reflected the city’s efforts in creating favorable conditions for local businesses to attend trade promotion programs and exchange views with one another.

Experts also suggested local businesses improve product quality as their exports to the EU and Asian markets remain high despite difficulties.

Source: VNA