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.

Vietnam posted solid export performance in the first quarter of 2021, and at such a growth speed, its export turnover is likely to hit US$600 billion for the whole year, experts have said.

VOV.VN - Vietnam’s imports during the first 15 days of April recorded a sharp increase, with the country racking up a trade deficit of up to US$1.31 billion, according to data revealed by the General Department of Vietnam Customs.

VOV.VN - China tops the list of 14 countries who made investments into the Vietnamese wood industry, with a total of 23 projects throughout 2020.

VOV.VN - Vietnam posted 11 items with a total export turnover exceeding US$1 billion during the first quarter of the year, of which mobile phones and spare parts topping the list at US$14.1 billion, according to data released by the Ministry of Industry and Trade (MoIT).

Vietnam has been making good use of advantages of the international economic integration process, helping to increase the country’s exports by 22% year-on-year and imports by 26% in the first quarter of 2021, said Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade.

VOV.VN - Vietnam has been active in negotiating and signing five free trade agreements (FTAs) with major partners, highlighting the country’s international economic integration process as a bright and impressive part of the Government’s management during the 2016 to 2020 period.

VOV.VN - Ho Chi Minh City is set to rake in US$70 billion in export turnover by 2025 and US$108 billion by 2030, and maintain an average annual export growth of 9% during the 2026-2030 period.

VOV.VN - The past month has seen import growth momentum at a faster rate compared to exports, thereby reflecting positive signs regarding Vietnam ’s economic recovery and the growth of domestic production activities, according to the General Department of Vietnam Customs.

More than 90% of domestic enterprises are small and medium-sized. The advantage of this business model is that it quickly responds to market fluctuations.