Vietnam’s port sector will flourish this year as trade in goods is expected to thrive on the back of recovery in production, domestic consumption, and export markets, according to industry analysts.

VOV.VN - Vietnam will continue to develop stable, sustainable and substantial relations with neighbouring countries, major powers, important partners, and traditional friends in 2021, Deputy Prime Minister and Foreign Minister Pham Binh Minh has said.

Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting major funds, and foreign investors, said foreign experts on the Gulf Today newswire on January 7.

A recent article in the French daily newspaper Le Figaro spoke highly of Vietnam’s economy amid the adverse impacts for the global economy brought about by COVID-19.

VOV.VN - Following the fulfillment of targets set for 2020, the industry and trade sector made positive contributions to overall economic growth at 2.91%, helping the nation maintain its steady growth momentum in import-export activities with a total turnover of over US$500 billion for the second consecutive year.

VOV.VN - Despite facing several trade remedy cases and tax evasion lawsuits over the coming year, the forestry sector has set a target of achieving an export target of US$14 billion, according to industry insiders.

VOV.VN - The Mekong Delta province of Hau Giang hosted a ceremony on January 5 to mark the export of the first batch of shrimp this year.

Vietnamese exporters in the steel and mechanic sectors expect to get easier access to the UK market following the signing of the UK-Vietnam Free Trade Agreement (UKVFTA) last month.

VOV.VN - Vietnam's total import-export turnover enjoyed a surge of 5.1% to US$543.9 billion compared to 2019 despite facing numerous difficulties throughout 2020, with the country posting a trade surplus of US$19.1 billion, the highest level for five consecutive years since 2016, according to the General Statistics Office.

VOV.VN - Vietnam's participation in new-generation free trade agreements (FTAs) is anticipated to provide fresh impetus for greater co-operation in the fashion industry with the Netherlands, according to insiders.