April exports were estimated at $30.94 billion, up 10.6 per cent over the same period last year, pushing the total results in the first four months of this year to $123.64 billion, a year-on-year rise of 15 per cent.
The country''s trade surpassed the milestone of $700 billion in value to hit $73.5 billion in 2022, a rise of 9.5 per cent against the same period of the previous year, according to the s of the General Statistics Office.
Experts are optimistic about Viet Nam’s trade this year, driven by the enforcement of new-generation free trade agreements, forecasting that the total import-export revenue might hit a record US$700 billion.
While textiles is one of the key industries in Viet Nam with high export revenue, it is also among industries that pose a high environmental and social risk, according to Nguyen Quoc Hung, general secretary of Viet Nam Bankers Association.
Exports of textiles and garments in January 2021 were estimated at US$2.6 billion, up 3.3 per cent year-on-year, according to the Ministry of Industry and Trade.
Prime Minister Nguyen Xuan Phuc has asked the Ministry of Industry and Trade to diversify the country''s export markets to reach an export revenue of US$300 billion in 2020.
The domestic textile and garment industry was still striving to reach its export revenue target of US$40 billion this year despite facing many difficulties.
In the first half of July, Viet Nam''s export revenue exceeded US$10.5 billion and its import value topped $11.18 billion, resulting in a trade deficit of nearly $700 million.
Prime Minister Nguyen Xuan Phuc introduced the dynamic Vietnamese economy, with its improved investment and business environment, to Canadian businesses while addressing the Viet Nam-Canada business forum in Quebec.
HCM City’s export revenue reached an estimated US$35.55 billion last year, a year-on-year increase of 16.1 per cent, according to the city Department of Industry and Trade.
Vietnamese exporters of farm produce must learn more about food-safety requirements and maximum residue limits (MRL) of importing countries, experts said at a workshop held in HCM City on Thursday.