Vietnamese export turnover enjoys 28.4% surge in first half
VOV.VN - The first half of the year witnessed the country’s export turnover rake in US$157.63 billion, representing an annual increase of 28.4%, according to the General Statistics Office (GSO).
The nation’s export value throughout June hit US$26.5 billion, up 1.2% compared to the previous month and 17.3% over the same period from last year.
Most notably, five groups of products reported export turnover of over US$10 billion between January and June, accounting for 58% of the total export value.
Throughout the reviewed period, the nation spent US$159.1 billion on imports, marking an increase of 36.1% on-year.
As a result, the country endured a trade deficit of US$1.47 billion in the first half of the year, in comparison to a trade surplus of US$5.86 billion recorded during the same period from last year, according to the GSO.
The Ministry of Industry and Trade (MoIT) have stated that when the third wave of novel coronavirus (COVID-19) outbreaks hit the country at the beginning of the year, it closely followed the market situation and proactively implemented a range of solutions. This was done in an effort to remove the difficulties facing firms and to promote production and business to meet growth goals.
Vu Ba Phu, director of the MoIT’s Vietnam Trade Promotion Agency, said the Ministry has paid special attention to boosting trade promotion through business-matching events. This is along with taking measures to fully tap into the benefits from various free trade agreements (FTAs) that the country has signed with partners, thereby boosting its exports.