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Economy

Vietnam’s 2021 import-export revenue expected to reach $600 bln

Bich Phuong Monday | 05/17/2021 13:42

Photo: dautu.vn

Vietnam expects $600 billion in import-export turnover in 2021 since the country posted solid export performance in the first quarter of 2021.

The bright trade signal came after Vietnam’s success in fighting the COVID-19 pandemic, said Tran Thanh Hai, Deputy General Director of the Agency of Foreign Trade under the Ministry of Industry and Trade.  

It is necessary to continue paying special attention to responding to the pandemic, he stressed, noting that this will be the foundation and most important factor in sustaining export growth in the time to come.

Free trade agreements Vietnam has signed, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the EU-Vietnam FTA, have benefited local exporters and helped them expand to new markets.

To maintain export growth, the ministry has promoted online trade promotions and trade fairs as well as e-commerce, to support enterprises in maintaining trade links with partners, Hai said.

The ministry will also focus on accelerating institutional and administrative reform relating to exports, and providing information to exporters to address the difficulties they face.

Source: VOV

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