31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Mar 11, 2021 / 20:35

Vietnam trade ministry to select outstanding exporters in 2020

The move is aimed at creating favorable conditions for foreign traders to form partnership with their Vietnamese peers.

Given the significant contribution of Vietnamese exporters to a successful year of Vietnam trade in 2020, the Ministry of Industry and Trade (MoIT) along with the Vietnam Chamber of Commerce and Industry (VCCI) and other business associations have launched the annual selection process for “Credible exporters in 2020”.

 Cargo handling at Dinh Vu port, Hai Phong. Photo: Pham Hung

The move is aimed at creating favorable conditions for foreign traders to form partnership with their Vietnamese peers.

The list of candidates for the title of Credible exporters in 2020 should be submitted to the MoIT for evaluation on April 20, 2021 at the latest.

Applicants having issue with tax authorities or violate environmental laws are not eligible for the selection.  

Enterprises violating local laws and regulations, currently operating at a loss, in the dissolution process, or receiving warning from import countries would be excluded from the list of “Credible exporters” and ruled out for next year’s selection process.

Despite severe economic consequences from the Covid-19 pandemic, Vietnam continued to post positive trading performance in 2020 with a trade turnover of over US$500 billion for a second consecutive year. Of the figure, Vietnam exports rose by 6.5% year-on-year to US$281.5 billion, and was among economies with the highest export growth during the pandemic.