Ministries join hands in promoting sustainable agriculture
Vietnam’s agricultural exports surged 27.8% year-on-year to US$21.4 billion in the first six months, or 13.7% of the country’s total export turnover.
Vietnam’s agricultural exports surged 27.8% year-on-year to US$21.4 billion in the first six months, or 13.7% of the country’s total export turnover.
Recovery in global consumer demand, market reopening in the US and Europe would be an opportunity for Vietnam to boost exports in the final half of 2021.
Computers, electronic products, and parts have been the group of products with the highest import value since 2017.
It is likely that the trade balance would return to positive in the coming months as exports normally go up in the final months of the year.
The Vietnamese government would offer more incentives for UK enterprises to form linkages with Vietnamese partners in a move to setup new supply chains.
Vietnam recorded a trade surplus of US$1.63 billion in the four-month period.
Vietnam is now ideally placed to attract additional foreign investment from the UK, the fifth largest global investor, said Tim Evans, CEO of HSBC Vietnam.
Resumption of economic activities as a result of effective Covid-19 containment has created room for strong rise in trade activities, stated the customs authorities.
The number of imported cars in March are nearly the combined figure in the first two months of the year.
The foreign-invested sector made up 76.4% of Vietnam’s total exports in the first two months with US$37.07 billion, representing an increase of 30.5% year-on-year.