Vietnamese exports set to record spectacular achievements this year
VOV.VN - With just one month to go until the end of the year, relevant ministries, localities, and enterprises have exerted great efforts in order to fulfill the export target of US$368 billion set by the Government, according to industry insiders.
Statistics compiled by the Ministry of Industry and Trade reveal that the total import and export turnover of goods during the initial 11 months of the year is estimated to be at US$673.8 billion, with the country enjoying a trade surplus of US$10.6 billion.
The nation has seen 35 products record an export turnover of over US$1 billion, of which eight export items grossed over US$10 billion.
Most notably, Vietnamese seafood exports fetched a turnover of US$10 billion during the reviewed period for the first time ever.
Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), pointed out that the seafood industry has fulfilled its export target ahead of schedule, adding that this can be considered as an important historical milestone for the sector.
Do Xuan Lap, chairman of the Vietnam Timber & Forest Products Association (VIFORES), emphasised that with timber and wood exports reaching US$14.6 billion during the 11-month period, meeting the wood industry’s export target this year is completely feasible.
Tran Thanh Hai, deputy director of the Import-Export Department under the Ministry of Industry and Trade, analysed that the positive export results indicate that local enterprises have taken full advantage of free trade agreements (FTAs), such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), as a means of accelerating exports.
Experts therefore stressed the need to continue fully taping into the FTAs, diversifying export markets and products, effectively co-operating with Vietnamese trade offices abroad, simplifying administrative procedures, and making thorough preparations for trade remedy lawsuits as part of efforts to boost exports moving forward.
