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Export activities bustle on first workday after Tet

Export activities bustled on the first workday after the Lunar New Year (Tet) holiday on February 15 with many batches of goods departing for foreign markets such as the US, the EU and Australia.
Export activities bustle on first workday after Tet ảnh 1A lot of 15,000 tonnes of plastic beads leaves Long An international port for Europe on February 15 (Photo: baodautu.vn)
Hanoi(VNA) – Export activities bustled on the first workday after the LunarNew Year (Tet) holiday on February 15 with many batches of goods departing for foreignmarkets such as the US, the EU and Australia.

In Long An international port, 15,000 tonnes of plasticbeads left the port for Europe on the day. Meanwhile, two containers with about18 tonnes of coffee branded Meet More each were sent to Australia.

Data from the Ministry of Industry and Trade (MoIT) showedthat import-export activities have been bustling since the beginning of 2024, withtotal revenue hit over 64 billion USD in January, up nearly 38% year on year,including 33,57 billion USD from exports, a rise of 42%.

The majority of export markets are recovering, itsaid, adding that the US continued to be the biggest market of Vietnam inJanuary with an export revenue of about 9.6 billion USD, up 55.8% year on year.

A strong rise was also seen in other major markets such asChina with 57.8%, the EU with 17.9%, ASEAN 38.5%, Japan 39.6%, and the Republic ofKorea 22.4%.

MoIT Minister Nguyen Hong Dien said that in January, thecountry enjoyed a trade surplus of 2.92 billion USD, while industrialproduction also grew 18.3%. However, he underlined the need for strong effortsright from the beginning of the year to realise the set target of 6% growth inexports this year.

In the first month of 2024, Vietnam's Purchasing ManagersIndex (PMI) rebounded to 50.3 points compared to 48.9 points in December2023. The index reveals that the health of the manufacturing industry improved forthe first time in five months.

The European Chamber of Commerce in Vietnam (EuroCham)commented that Vietnam’s economic recovery is on the right track. It advised thecountry to focus on building stronger trade relations with major export marketsand increase export value through processing.

Experts said that the fulcrum for export growth in 2024 isthe system of 17 free trade agreements that have been implemented, givingbusinesses advantages in negotiating orders and opening up markets./.
VNA

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