Page 9 - Export Turnover News Today

Vietnam enjoyed a trade surplus of 4 billion USD in 2021, marking the 6th consecutive year in a row the country's export turnover is higher than its import revenue, General Director of the General Statistics Office (GSO) Nguyen Thi Huong said on December 29.

Vietnam shipped 43 billion USD worth of agro-forestry-fishery products abroad during January-November, according to the Ministry of Agriculture and Rural Development.

Vietnam–US trade could hit 100 billion USD in this year, up 221 times against the figure in 1995 when the two countries normalised relations.

The goal of 600 billion USD in foreign trade is likely to be realised by the end of the year because by October 15, the national import-export turnover had exceeded 510 billion USD, according to Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).

Indonesian President Joko Widodo said that the country's export turnover is expected to peak this year with 142.01 billion USD, up 37,77 percent compared to the figure in 2020.

Vietnam has taken various measures in a bid to protect the interest of Vietnamese products and exporters in the EU markets, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).

Vietnam is in a favorable condition to take advantage of free trade agreements (FTA) that the country is a part of, as well as growing global demand in the late-year shopping season.

China has represented Vietnam’s largest importer over the past nine months, spending US$81.3 billion on imports, marking an increase of 41.1% year on year, according to figures released by the General Statistics Office (GSO).

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Vietnam shipped overseas 130.94 billion USD worth of goods in the first five months of 2021, up 30.7 percent annually, according to the General Statistics Office (GSO).