Illustrative image (Source: VNA) The office said that in March, import-export activitiesrecovered strongly with total value of 66.73 billion USD, up 36.8 percent overthe previous month and 14.7 percent year on year, with trade surplus of 1.39billion USD.
In the first quarter of this year, total trade value reached176.35 billion USD, up 14.4 percent year on year, including exports of 88.58billion USD. In the period, the domestic economic sector earned 23.27 billionUSD, a rise of 22 percent year on year, while the foreign-invested sector (includingcrude oil) enjoyed 65.31 billion USD, up 10 percent.
Export revenue of over 1 billion USD was seen in 15 export commodities, accounting for 80 percent of the country’s total. Processing-manufacturingproducts contributed 89 percent to the total exports, while contributions by agro-forestry products, fisheries, fuel and mining products were 6.9 percent, 2.7 percent, and 1.4 percent, respectively.
In the January-March period, the country imported 87.77billion USD, a rise of 15.9 percent over the same period last year, with 29.43billion USD by the domestic sector and 58.34 billion USD by foreign-investedsector. As many as 93.8 percent of the imported goods were materials serving production.
Vietnam enjoyed trade surplus of 809 million USD in the first quarter of 2021. (Photo: VNA) In order to promote export activities in the time to come,the Ministry of Industry and Trade advised trade associations and businesses toapply preventive measures to avoid scams, while carefully choosing banks forpayment in the current period, and optimising advantages from 15 free tradeagreements between Vietnam and partners to diversify their markets.
The ministry has directed trade offices in European countriesto support businesses to switch import-export activities from Russia andUkraine to suitable markets in the region./.
VNA
