Tra fish processed for export (Photo: VNA) Statistics of the Ministry of Industry and Trade (MoIT)shows that Vietnam’s import-export value reached 95.8 billion USD in the firsttwo months of 2021, up 24.5 percent year-on-year. Of the total, exports werevalued at 48.55 billion USD, up 23.2 percent, and imports 47.26 billion USD, up25.9 percent.
During January-February, Vietnam enjoyed a trade surplus of1.29 billion USD, down from the 1.8 billion USD seen in the same period lastyear. The domestic sector posted a trade deficit of 4.14 billion USD, while theFDI sector, including crude oil, saw a trade surplus of 5.43 billion USD.
At the Government’s February regular meeting, MoIT MinisterTran Tuan Anh set a target of 4-5 percent in export growth in 2021.
To that end, MoIT Deputy Minister Cao Quoc Hung said thatthe ministry is considering a new strategy on import-export activities in thecoming time to be submitted to the Prime Minister for issuance.
In addition, the ministry will continue engaging in negotiationsand perfecting relevant institutions on free trade agreements (FTAs), includingissues related to the rule of origins so as to help business better optimize advantagesof the agreements.
It will also consolidate and expand export markets, bringinto full play opportunities brought about by existing FTAs, diversify importand export markets, diversify exported products, increase the competitivenessof exported products, and develop brands so as to achieve sustainable exportdevelopment, Hung added./.
VNA
