Illustrative image (Photo: VNA) Hai noted that demand in the global market has been recoveringalong with the gradual easing of lockdown measures in the US and Europe, whichpresents an opportunity for Vietnam to promote its exports.
However,he advised exporters to bolster their competitiveness and adaptive capacity inorder to overcome the difficulties posed by the ongoing fourth COVID-19 outbreakin Vietnam, while actively adjusting their business strategy to seize opportunitiesin the new circumstances.
He askedMoIT agencies and Vietnamese Trade Offices abroad to provide up-to-dateinformation on the COVID-19 situation in their host countries and proposemeasures to expand export markets, while supporting Vietnamese firms seeking inputsources for production.
He said theMoIT is working with the Ministry of Transport and the Vietnam Logistics BusinessAssociation as well as shipping firms to provide consultancy to exporters on dealingwith logistics issues.
In thefirst five months of 2021, despite the impact of COVID-19 on industrial parksin the northern industrial hubs of Bac Giang and Bac Ninh, Vietnam still posteda year-on-year increase of 30.7 percent in export revenue, to 130.94 billionUSD.
Of this, the domestic sector contributed 33.06 billion USD and the FDI sector(including crude oil) 97.88 billion USD, increases of 16.6 and 36.3 percentyear-on-year, respectively.
During the period, 22 products recorded export value of over 1billion USD each and together accounted for 87.3 percent of Vietnam’s totalexports.
Exports by the group of heavy industrial goods and minerals reeled in some 70.7billion USD, up 33 percent against the same period last year. It was followedby the groups of light industrial goods and handicrafts, at 47.32 billion USD(up 33 percent), and agricultural and forestry products, at 9.69 billion USD(up 13.5 percent). The group of aquatic products posted 3.24 billion in exportrevenue, an annual increase of 12 percent.
The US remained Vietnam’s largest export market, outlaying 37.6 billion USD onimports from the country, a year-on-year rise of 49.8 percent. China followed with20.1 billion USD, up 26 percent, then the EU and ASEAN, with 16.1 billion USDand 11.5 billion USD, increases of 20.8 and 23.7 percent, respectively.
In May alone, Vietnam’s exports were valued at 26 billion USD, down 2.1 percentagainst April but up 35.6 percent year-on-year.
Meanwhile, the country’s imports in the five-month period hit 131.31 billionUSD, for annual growth of 36.4 percent, with China the country’s largest sourcemarket./.
Of this, the domestic sector contributed 33.06 billion USD and the FDI sector(including crude oil) 97.88 billion USD, increases of 16.6 and 36.3 percentyear-on-year, respectively.
During the period, 22 products recorded export value of over 1billion USD each and together accounted for 87.3 percent of Vietnam’s totalexports.
Exports by the group of heavy industrial goods and minerals reeled in some 70.7billion USD, up 33 percent against the same period last year. It was followedby the groups of light industrial goods and handicrafts, at 47.32 billion USD(up 33 percent), and agricultural and forestry products, at 9.69 billion USD(up 13.5 percent). The group of aquatic products posted 3.24 billion in exportrevenue, an annual increase of 12 percent.
The US remained Vietnam’s largest export market, outlaying 37.6 billion USD onimports from the country, a year-on-year rise of 49.8 percent. China followed with20.1 billion USD, up 26 percent, then the EU and ASEAN, with 16.1 billion USDand 11.5 billion USD, increases of 20.8 and 23.7 percent, respectively.
In May alone, Vietnam’s exports were valued at 26 billion USD, down 2.1 percentagainst April but up 35.6 percent year-on-year.
Meanwhile, the country’s imports in the five-month period hit 131.31 billionUSD, for annual growth of 36.4 percent, with China the country’s largest sourcemarket./.
VNA
