Vietnam exported goods with an estimated value of US$99.36 billion in the first five months of 2020, a year-on-year decline of 1.7%. Export turnover of domestic businesses maintained double-digit growth, however, of 10.4%, reaching US$33.3 billion.
Exports and imports of agricultural goods saw a decline in the first five months of 2020 due to the negative impacts of the COVID-19 pandemic, according to the Ministry of Agriculture and Rural Development (MARD)’s monthly report.
VOV.VN - The opening five months of the year has seen the United States become the nation’s leading export market, with export turnover of US$24.6 billion, representing an annual increase of 8.2%.
The opening four months of the year has seen the total export turnover between Vietnam and China reach over US$35 billion, of which the country's exports hit US$12.7 billion, according to the General Department of Vietnam Customs.
VOV.VN - The novel coronavirus (COVID-19) has served to have a negative impact on Vietnam’s timber industry with the industry poised to record export growth equal to 0% this year, according to insiders.
VOV.VN -The European Union-Vietnam Free Trade Agreement (EVFTA) will serve as a new driving force to spur on export growth in the context of the spread of the novel coronavirus (COVID-19) epidemic which has caused plenty of challenges for export businesses.
The Ministry of Industry and Trade would not adjust its import and export goals despite current difficulties.
VOV.VN - Enterprises in the south are maximizing efforts to prepare material sources and expand production bases in the hope of further boosting exports to EU markets when the EU-Vietnam Free Trade Agreement comes into effect.
Export revenues by Ho Chi Minh City-based enterprises in the first six months of the year reached 19.6 billion USD, a 9.2 percent increase year-on-year, according to the municipal People’s Committee.
Vietnam’s vegetable and fruit export value hit 2.06 billion USD in the first six months of 2019, up 3.9 percent year-on-year, said the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development.
VOV.VN - Concerned efforts would be exerted to enable Vietnam’s full-year 2019 exports to Laos to grow by 10 per cent on year.
Exports of the southern province of Binh Duong hit nearly 10.4 billion USD in the first five months of 2019, a year-on-year rise of 12.2 percent, said Director of the provincial Department of Industry and Trade Nguyen Van Danh.
The People’s Committee of Hanoi has set a gross regional domestic product (GRDP) growth of 7.4-7.6 percent and an export growth of 7.5-8 percent for the capital city in 2019.
In 2019, Vietnam’s wood and forestry industry aims to gross 10.5 billion USD in exports, up 1.2 billion USD compared to the previous year.
Strong export growth and a better-than-expected trade surplus are the notable bright spots of Vietnam’s export sector, especially when the world economy was rife with numerous difficulties in the past year.
Trade between Vietnam and Canada in 2018 is estimated at CAD6.36 billion (US$4.6 billion), up 4.2% from the previous year, with the Southeast Asian nation recording a surplus of some CAD4.34 billion.
The Vietnam National Textile and Garment Group (Vinatex), the largest textile maker in the country, expects its export turnover to rise up to 8% in 2019, the group said at a press conference on December 27.
The domestic cement industry achieved impressive results in exports over the first eight months of this year to reach the target for the whole year.
Vietnamese steel has faced nearly 10 trade remedy cases in just over a month, which has once again put the industry under great pressure from trade barriers in other countries.
Vietnam’s tea exports as of mid-July dropped 11% year on year in volume to 61,530 tonnes, and 6.9% in value to US$99.94 million, according to statistics from the General Department of Vietnam Customs.