Trade Turnover

Vietnam's exports to the EU accounted for only 2% of the bloc's total imports of US$2.5 billion annually.

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

For the first six months of 2021, Vietnam-EU trade turnover rose by 18.4% year-on-year to US$27.67 billion.

Despite Covid-19 impacts, Vietnam’s trade turnover with the Americas rose by 16% year-on-year in 2020 to US$111.5 billion.

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.

In 2021, the trade ministry eyes an increase of 4-5% in trade turnover from an estimated US$543.9 billion last year.

There has been a growing number of Indonesian investors coming to Vietnam, especially in the field of digital economy.

Vietnam's trade turnover is likely to have reached US$285.12 billion in the first seven months, down 1.3% year-on-year.

Vietnam remains steadfast on pursuing bilateral economic relations with the US towards harmonization and sustainability, according to the Ministry of Foreign Affairs.