Textile, garment and footwear industries are still facing many difficulties due the COVID-19 pandemic, and unable to recover production and business in the short term.
Shipments of products from the processing industry brought in about 67.39 billion USD in the first quarter of this year, representing 87.13 percent of Vietnam’s total export value during the period.
Foreign direct investment (FDI) firms’ import-export value reached US$68.52 billion in the first two months of 2021, a surge of 31.5 per cent from the same period last year.
Viet Nam is estimated to enjoy a trade surplus of US$19.1 billion this year, the highest since 2016, despite the challenges posed by the COVID-19 pandemic.
Viet Nam achieved a trade surplus of US$6.5 billion in the first seven months of this year, including $1 billion in July, according to the General Statistics Office (GSO).
Domestic companies generated $26.45 billion from exports during the period, rising 12 per cent year-on-year and making up 32 per cent of the country''s total export earnings
The Ministry of Agriculture and Rural Development has targeted no in export value of agricultural products this year, even though the sector was hit hard by the novel coronavirus (COVID-19) pandemic from the beginning of this year.
Viet Nam’s export value of wood and wood products reached US$1.53 billion in the first two months of this year, marking a year-on-year increase of 10.1 per cent.
Viet Nam’s total seafood export value in January fell by 12.5 per cent to US$644 million year-on-year due to the impacts of the novel coronavirus epidemic.
The agriculture sector this year is targeting gross domestic product (GDP) growth of 2.9-3 per cent and export value of agricultural, forestry and fishery products of US$42 billion.
During the January–November period, the country’s trade turnover hit $473.73 billion. Of which its exports amounted to $241.42 billion, up 7.8 per cent year-on-year, and imports totaled $232.31 billion, up 7.4 per cent.