10-month trade exceeds 500 billion USD

With the import-export value from January to mid-October reaching roughly 523 billion USD, Vietnam racked up a balance of trade surplus of over 22 billion USD.

Most notably, fruit and vegetables witnessed the most impressive growth among key Vietnamese export commodity groups.

Specifically, the country raked in 4.6 billion USD from fruit and vegetable exports, representing a sharp rise of 75% against the same period last year.

Meanwhile, experts say the global garment and textile demand is likely to decrease by between 8% and 10% this year.

However, the industry’s import and export activities are showing positive signs and will likely rebound as an increasing number of foreign partners from Europe, Northeast Asia, and Southeast Asia have recently come to Vietnam to gain insights into garment products.

In addition, garment and textile exports to the US and EU markets have also recovered, say industry insiders./.

VNA