The export turnover of wood and wood products hit US$4.99 billion in the first four months of 2021, a surge of 50.5% year-on-year, according to the Ministry of Agriculture and Rural development.

The US-based Furniture Today website on May 17 ran an article on Vietnam’s overtaking China in furniture shipments to the US for the first time ever in 2020.

The COVID-19 pandemic has caused global trade bottlenecks and disruptions, but livestock exports are still growing strongly. With export turnover of US$1.23 billion in 2020, livestock is the new export strength of Vietnam.

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.