Despite a rise in export revenue in the first four months of this year, experts suggested that businesses should not be too optimistic as the COVID-19 pandemic has seen complicated developments both in and outside the country.

Shipments of products from the processing industry brought in about US$67.39 billion in the first quarter of this year, representing 87.13% of Vietnam’s total export value during the period.

Foreign direct investment (FDI) firms’ import-export value reached US$68.52 billion in the first two months of 2021, a surge of 31.5% from the same period last year, according to the General Department of Vietnam Customs.

Vietnamese enterprises should take advantage of online marketing channels, re-arrange production and business orientations and strategies, and bring into full play advantages brought by free trade agreements if they want to achieve sustainable export growth, according to insiders.

VOV.VN - Amid complicated developments of the COVID-19 pandemic globally, the Ministry of Industry and Trade (MoIT) has set an export growth target of between 4% and 5% for this year, with a specific focus on taking full advantage of new-generation free trade agreements, said Tran Thanh Hai, deputy director of the Import and Export Department.

Of the six ASEAN nations, only Vietnam posted an increase in exports for 2020, up 7% to US$282.66 billion, according to The Straits Times.

VOV.VN - With the COVID-19 pandemic causing plenty of difficulties for production and business activities and the added value of the industrial sector in Q1 set to endure a slight fall, the Ministry of Industry and Trade (MoIT) is striving to help the sector achieve a growth rate of 9.45% and export growth of up to 5%.

VOV.VN - The garment and footwear sectors successfully maintained their export growth momentum in January with footwear exports witnessing a surge of 26.4% to US$1.8 billion against the same period from last year, according to the Ministry of Industry and Trade (MoIT).

Prof. Tran Van Tho, a former lecturer at Japan’s Waseda University suggested several measures for Vietnam to achieve sustainable economic development in the next period in an interview recently granted to a Vietnam News Agency reporter in Tokyo.

VOV.VN - The nation has great potential to bolster exports to Mexico, Peru, and Chile, three Latin American countries who have made high tariff-reduction commitments in line with the terms of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).