Vietnamplus

Surmounting difficulties to boost economic recovery, Vietnam is expected to post a foreign trade record of 780 billion USD in 2022.

Vietnam is on track to see a trade surplus of 10 billion USD this year despite enduring global market uncertainties and fluctuations, according to a report by the Ministry of Trade and Industry.

Vietnam posted a trade surplus of 9.4 billion USD in the first 10 months of 2022, compared to 630 million USD in the same period last year, according the General Statistics Office (GSO).

The southern industrial province of Binh Duong eyes to achieve a Gross Regional Domestic Products (GRDP) growth of 8% this year, heard a conference held by the provincial Party Committee on September 29.

The southern industrial hub of Binh Duong recorded close to 8 billion USD worth of trade surplus in the first nine months of this year, as heard at a September 28 meeting that reviewed the province’s socio-economic growth.

Hanoi enjoyed a surge in exports-imports in the first five months of this year, signalling the capital city’s strong economic recovery, according to the municipal Statistics Office.

According to economic expert Pham Tat Thang, import and export results in the first months of the year brought many positive signals not only for businesses and the economy, but for the country as a whole.

Total foreign trade in agricultural, forestry and aquatic products hit some 31.8 billion USD in the first four months of 2022, an increase of 7 percent against the same period last year, according to the Ministry of Agriculture and Rural Development.

Exports and imports reported double-digit growth in the first quarter of 2022, signaling a good year for the foreign trade.

Foreign trade of agricultural, forestry and aquatic products reached 14.2 billion USD in the first two months of 2022, a year-on-year increase of 15.8 percent, according to the Ministry of Agriculture and Rural Development.

The northern border province of Lang Son on December 24 held a working session regarding COVID-19 preventives measures at border gates so as to create optimal conditions for exports-imports.

Non-state sector became the main driver of Ho Chi Minh City’s foreign trade during the first nine months of this year, with its exports and imports increasing 3.5 percent and 39.7 percent, respectively, according to the municipal statistics office.

Indonesia posted a trade surplus of 4.74 billion USD in August 2021, breaking the record of 4.64 billion USD in December 2006, the Central Statistics Office (BPS) has said.

There remains room for Vietnamese enterprises to promote their exports of farm produce such as rice and seafood to Italy besides other export items, according to the Vietnamese Trade Office in Italy.

Malaysia's rubber and rubber products exports surged 150 percent to 44.43 billion ringgit (10.48 billion USD) in the first half of this year from 17.77 billion ringgit a year ago, due to the strong demand for rubber gloves amid the COVID-19 pandemic, official data showed on August 11.

Ho Chi Minh City exports were up 5.1 percent and imports saw a surge of 26 percent in the first half of this year as compared to the same period in 2020, resulting in a trade surplus of 4.53 billion USD, according to the municipal Statistic Office.

The UK - Vietnam Free Trade Agreement (UKVFTA) officially took effect at the beginning of May, 2021. It has provided a huge boost to Vietnam’s exports in terms of market diversification and products. In particular, in the context of COVID-19, trade agreements with major partners will ensure the growth of Vietnamese goods.

Vietnam’s exports and imports rose over 24 percent year-on-year in the first quarter, driven by the country’s free trade agreements (FTAs), an expert has said.

Vietnam witnessed the growth of exports and imports in the first four months of 2021 hitting 10-year record high, data of the General Statistics Office (GSO) shows.

The export and import of goods and services via the Lao Cai international border gate stood at nearly 950 million USD in the first quarter of this year, up 75 percent year-on-year.