Minister of Industry and Trade Nguyen Hong Dien responded to the National Assembly (NA) Standing Committee’s questions on the settlement of congestion of agricultural products at northern border gates at an question-and-answer session on March 16.
Vietnam’s export-import turnover hit an estimated 108.5 billion USD in the first two months of this year, up 13 percent compared to the same period last year, the General Statistics Office reported on February 28.
All import-export enterprises and customs agents are required to declare information online on the digital border gate platform before arriving at the Huu Nghi and Tan Thanh international border gates.
Bilateral trade between Vietnam and the US set a new milestone, hitting 111.56 billion USD in 2021, up nearly 21 billion USD over the previous year, according to the General Department of Customs.
The Ministry of Industry and Trade has recently announced 10 outstanding events that make their mark on the sector’s success in 2021 – the year that Vietnam was hard hit by COVID-19.
Despite COVID-19 impacts, Vietnam has seen an impressive reversal in import-export activities in the last months of the year, securing trade surplus for the sixth consecutive year.
In the context of complicated development of the Covid19 on a global scale, bilateral trade between Vietnam and the EU recorded significant increase after the EVFTA was enforced. Vietnam’s export to the EU reached 39.75 billion USD, increased by 6.2%, thanks to the recovery of the EU economy in the second quarter of 2021 and the tariff cut under EVFTA.
The total import-export turnover between Vietnam and Australia reached a record of 14 billion AUD (10 billion USD) in the first 10 months of this year, an increase of 50 percent over the same period last year.
The Ministry of Industry and Trade (MoIT) has forecast that total import-export revenue this year may reach a new record, at between 640 - 645 billion USD, with a slight trade deficit.
The complicated developments of the COVID-19 pandemic has been posing both challenge and opportunity for the supporting industry sector in Hanoi, requiring businesses in supply chains to promptly adapt and make flexible changes.
High intelligence together with great bravery will help Vietnamese businesswomen overcome the formidable challenges brought about by the COVID-19 pandemic and develop their business in a sustainable fashion, according to the Chairwoman of the Vietnam Association of Women Entrepreneurs (VAWE) Thai Huong.
State budget collection from import-export activities reached 285.62 trillion VND (12.53 billion USD) in the first nine months of this year, equivalent to 90.6 percent of the estimate and a year-on-year rise of 25.83 percent.
Vietnam’s trade turnover in the first nine months of this year reached 483.17 billion USD, a year-on-year increase of 24.4 percent, according to the General Statistics Office.
Vietnam’s trade turnover in the first nine months of this year reached 483.17 billion USD, a year-on-year increase of 24.4 percent, according to the General Statistics Office.
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