Vietnam’s export turnover surges 28.4 percent in H1
Vietnam’s export turnover of goods in the first six months of 2021 hit 157.63 billion USD, up 28.4 percent year-on-year, according to the General Statistics Office (GSO).
Processing canned pineapple products at a factory of An Giang Agricultural Import-Export JSC (Photo: VNA)
Hanoi (VNA) - Vietnam’s export turnover ofgoods in the first six months of 2021 hit 157.63 billion USD, up 28.4 percentyear-on-year, according to the General Statistics Office (GSO).
The country’s export value in June alone reached 26.5 billion USD, up 1.2percent compared to the previous month and 17.3 percent over the same periodlast year.
Notably, five groups of products reported export turnover of over 10 billionUSD in the Jan-June period, accounting for 58 percent of the total exportvalue.
During the reviewed period, Vietnam spent 159.1 billion USD on imports, up 36.1 percent year-on-year.
As a result, Vietnam experienced a trade deficit of 1.47 billion in the firsthalf of 2021 as compared to a trade surplus of 5.86 billion USD in the sameperiod last year, the GSO said.
According to the Ministry of Industry and Trade (MoIT), when the third wave of COVID-19outbreaks hit the country at the beginning of the year, it has closely followedthe market situation and proactively implemented a series of solutions toremove difficulties and promote production and business, towards realising growthgoals.
Vu Ba Phu, Director of the MoIT’s Vietnam Trade Promotion Agency, said theministry has paid special heed to stepping up trade promotion through business-matchingevents, and taking measures to fully tap benefits from free trade agreements (FTAs)Vietnam signed with partners, thus further boosting its exports./.
Despite the complex developments of the COVID-19 pandemic, Vietnam’s overall macro-economy remains stable, with encouraging growth seen in industries and a low rise of average consumer price index (CPI).
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The agriculture sector is set to earn 41 billion USD from export in 2021, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Processing canned pineapple products at a factory of An Giang Agricultural Import-Export JSC (Photo: VNA) 
