Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see positive growth with a surplus in current account this year thanks to a rise in export turnover and foreign currency reserves.

VOV.VN - 2020 witnessed Vietnamese import-export turnover reach over US$543,9 billion, a year-on-year increase of 5.1%, according to the General Department of Customs.

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.

Vietnam gained US$2.7 billion from shipping an estimated 1.7 million tonnes of coffee abroad in 2020, accounting for over 10% of the world’s coffee value and 18% of the market share, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - Alongside Cuba, the country is keen to fully utilise incentives as a means of elevating two-way trade turnover to US$500 million by 2025, according to information released during the 38th session of the Vietnam-Cuba Intergovernmental Committee which was held virtually on December 30 in Hanoi.

Vietnam’s garment-textile export turnover is projected at US$38-39 billion in 2021, Le Tien Truong, Chairman of the Vietnam National Textile and Garment Group (Vinatex) said on December 29.

Vietnam moved up four grades to become the second largest exporter to the US in 2020, with its export turnover surging 24.5% to an estimated US$76.4 billion.

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).

VOV.VN - Despite the local economy facing up to the various challenges brought about throughout the course of the year and many industries suffering negative growth, the export sector has remained resilient and has recorded stellar gains at an estimated figure of over US$44 billion.

VOV.VN - Vietnam has obtained a trade surplus of US$19.1 billion in 2020, representing a record high figure over five years in a row, the General Statistics Office announced on December 27.