The Vietnamese Goods Day was held on June 17 at Selgros Berlin Lichtenberg supermarket in Berlin, marking a significant step in promoting and expanding the presence of Vietnamese products in Germany and Europe at large.
According to the Vietnam Trade Office in the United Arab Emirates (UAE), industrial and agricultural production in the country is quite limited so it must import food and consumer goods to meet local needs. This presents an excellent opportunity for Vietnam to increase its exports to the market.
Vietnam has enjoyed substantial export growth to members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the three years since it came into effect.
Despite two official scenarios predicting wood and wooden products exports to rake in less than 14.5 billion USD this year due to the COVID-19 pandemic, the country's export revenue is now estimated at 14.72 billion USD.
Vietnam reported a trade deficit of 1.35 billion USD in the first half of June as exports reached only 12.3 billion USD – down nearly 2 billion USD compared to the latter half of May, the General Department of Customs has announced.
Vietnam's import-export turnover is estimated at 336.32 billion USD in the first eight months, an annual reduction of 0.3 percent, according to the General Statistics Office.
Vietnam shipped cameras and video cameras worth 318 million USD to India so far this year to August 15, up 117.4 percent from the same period last year.
In the first half of 2018, Vietnam's export revenue was estimated at 13.93 billion USD and import revenue 111.36 billion USD, with a surplus of 2.57 billion USD.
The Ministry of Industry and Trade (MoIT) has announced the vote for prestigious exporters of 2017, aimed at supporting local firms in promoting exports and expanding markets.
