As more Vietnamese companies venture into global markets, the key question now is how to enable more domestic enterprises to scale up sustainably and maintain their footing amid intensifying global competition.
As many as 26 export commodities posted turnover of more than 1 billion USD in the first five months of 2022, accounting for 89.6 percent of Vietnam’s export turnover. Of them, six items enjoyed turnover exceeding 5 billion USD, making up 62.3 percent.
Vietnam’s export turnover is projected to record an annual average growth of 7 percent per year, hitting 535 billion USD by 2030, according to a new research by Standard Chartered issued on November 30.
Vietnam’s export turnover in the first eight months of this year rose by 21.5 percent year on year to more than 212 billion USD despite a decline of 5.4 percent in August.
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.
Vietnam’s export turnover in the last 10 months yearly increased 7.4 percent year-on-year to over 217 billion USD, according to the Ministry of Industry and Trade (MoIT).
Vietnam’s export turnover of garment-textile and leather shoes during January-July grew 10.5 percent year-on-year to 18.34 billion USD, the Ministry of Industry and Trade (MoIT) said on August 9.
Export revenues of the northern province of Thai Nguyen hit 13.9 billion USD in the first six months of the 2019, a year-on-year rise of 12 percent and equivalent to 50.4 percent of the yearly plan, reported the provincial People’s Committee.
Vietnam’s export turnover is likely to reach 236.6 billion USD in 2018, an increase of 10 percent against the previous year, amid favourable domestic and foreign economic conditions, say analysts.
Vietnam’s export turnover is likely to hit 195 billion USD this year, up 10-11 percent compared with 2016 and 6-7 percent higher than the target set by the Prime Minister.
