Exports

Bilateral trade turnovers between Vietnam and the Philippines are now worth $7 billion, and there is still room to grow.

Between January and September, Hanoi's domestic companies earned a total of US$7.1 billion from exports, while FDI firms sold $6 billion worth of products to overseas markets.

The northern province of Hung Yen should focus on developing linkages between production, processing, and export by commodity lines, seeking new export markets, diversifying traditional and modern distribution channels,

Employment rose for the first time in seven months as demand improves.

Many Vietnamese fruits also have the opportunity to be exported to this market.

Free trade agreements like CPTPP and EVFTA are driving Vietnam’s trading performance during a difficult economic year.

Vietnam’s export turnover may expand by 10% this year, exceeding the original target of 4-5% set by the Government.

Hanoi is scheduled to announce an economic recovery plan in line with Covid-19 control and prevention.

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.

Vietnam’s trade outlook for the remainder of the year is projected to have intertwined challenges and opportunities, with the country’s efforts to contain the pandemic the most important factor.