Ministry seeks to boost exports in Q2

The Ministry of Industry and Trade is seeking measures to boost exports in the second quarter of 2020.

ministry seeks to boost exports in q2 hinh 0
Processing tra fish for exports (Photo: VNA)

The Vietnam Trade Office in Singapore recently connected with Vietnamese and Singaporean industry associations to make use of trade opportunities.

In February 2020, it arranged a trip for a group of Singapore’s fruit and vegetable importers to Vietnam to find supply sources.

As of March 2020, the office had secured over 20 orders for various products such as coffee, instant noodles, sweet potato, and fruit.

Meanwhile, the containment of COVID-19 in China has presented opportunities for Vietnam to boost its exports to the market.

According to the ministry, customs clearance for exports to China at border gates in the north has gradually improved.

As well as China, major markets like the Republic of Korea and Japan witnessed a recovery in March as the pandemic slowed.

In January-March, Vietnam’s exports to China and Japan posted year-on-year growth of 11.5% and 3.5%, respectively.

In the three-month period, Vietnam exported US$59.08 billion worth of goods, up 0.5% against the same period last year, but the lowest growth since 2003.

VNA