The Ministry of Industry and Trade (MoIT)’s Vietnam Trade Promotion Agency (Vietrade) has made a list of 5,000 exporters that need help in finding markets amid the COVID-19 outbreak.
Workers at a garment-textile firm in Vietnam (Photo: VNA)
Hanoi (VNA) - TheMinistry of Industry and Trade (MoIT)’s Vietnam Trade Promotion Agency(Vietrade) has made a list of 5,000 exporters that need help in finding marketsamid the COVID-19 outbreak.
These enterprises will be classified by groups and categories, Vietrade said,adding it will team up with localities, associations and relevant sectors tobuild up a database of Vietnamese exporters, expected to amount to 100,000 inthe near future.
A list of nearly 100 Vietnamese enterprises which are capable of supplying facemasks and other supplies for COVID-19 prevention has also complied by Vietradein order to meet rising demand in European and American regions. That list willbe sent to trade counselors to support Vietnamese businesses in seeking newexport outlets.
The first quarter of 2020 saw the country's exports reach 59.08 billionUSD, up 0.5 percent in comparison to 5.2 percent recorded during thesame period last year - the lowest level of growth in 17 years.
However, this was a general trend of international and regional trade,according to the MoIT. In the first two months of 2020, export turnover toChina decreased by 17 percent; the Republic of Korea by 1.5 percent;Thailand by 0.8 percent; and Japan by 4.1 percent.
The ministry assessed that Vietnam’s export of goods also hadpositive expectations in the future especially as the pandemic has beencontrolled in China - one of the country’s largest trade partner.
Fewer restrictions will lead to more opportunities for Vietnam in exportinggoods to its neighbour./.
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Workers at a garment-textile firm in Vietnam (Photo: VNA) 
