Vietnam trade surplus surges to US$2.09 billion in January
Phones and parts posted the largest export turnover among export items during January with US$6.1 billion, up US$3.4 billion against the same period of last year.
Phones and parts posted the largest export turnover among export items during January with US$6.1 billion, up US$3.4 billion against the same period of last year.
Vietnam exported products and goods to over 80 markets in Tet holiday, with China being the largest buyer by spending US$189 million on Vietnamese commodities, or 26% of total exports.
Vietnam’s exports in January surged over 50% against the same period of last year.
Imported sturgeons without a clear origin and undergoing safety standards pose major risks to the health of customers, environment and local fish farmers.
The total number of pig herds in Vietnam is estimated at 27.3 million as of present, up 20% against early 2020 and equivalent to 87% of the pig herd before the outbreak of the African Swine Fever.
Thanks to its successful Covid-19 containment, Vietnam saw one of the highest GDP growth rates in the world in 2020.
Vietnam trade policy is on right track with record high of US$544-billion turnover in 2020, in which e-commerce is an inevitable trend for local firms to access markets and increase trade value in the coming time.
Government support is needed for the local leather and footwear sectors to realize the export target of $20 billion in 2021.
Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.
Despite severe Covid-19 impacts, Vietnam – South Korea trade relations this year is on track to reach or even exceed the US$70 billion mark recorded in 2019.