Tran Tuan Anh

US’s decision to initiate a trade probe on Vietnamese goods could affect thousands of enterprises and millions of workers and customers from the two countries.

Industry and trade are two major pillars for the development of Vietnam’s economy in general, and that of Hanoi in particular, stated Hanoi’s Party chief Vuong Dinh Hue.

Supporting industries hold significant meaning in Vietnam’s efforts to restructure the economy and enhance national competitiveness, said Minister of Industry and Trade Tran Tuan Anh.

In the first 11 months of the year, the country’s external trade hit US$472.36 billion, up 7.3% compared to the same period in 2018, and recorded an all-time high trade surplus of US$10.94 billion.