Vietnam has boasted seven commodities with an export turnover exceeding US$10 billion each as of November 15 following the post-pandemic resumption of various businesses.

Since joining the World Trade Organisation 15 years ago, Viet Nam has become a part of 17 FTAs, which are either under negotiation or underway. This has helped create a momentum for the country's exports.

Vietnam’s export turnover is estimated at US$27.3 billion in October, bringing the figure in the first ten months of 2021 to $267.9 billion, up 16.6 percent against the same period last year, the General Statistics Office announced on October 29.

Many countries are promoting vaccinations and reopening their economies. As a result, demand for Vietnam's textiles, footwear, furniture, and electronic products is on the rise.

The US was the largest importer of Vietnamese agro-forestry-fishery products during January-November, with a turnover of $9.8 billion, up 22.3 percent year-on-year, according to the Ministry of Agriculture and Rural Development.

There is a serious shortage of empty containers for exports from Viet Nam, Phan Minh Thong, general director of agriculture products exporter Phuc Sinh Joint Stock Company, said.

Two months since the effectiveness of the EVFTA, Vietnam has seen positive signals in its trade exchange with the EU despite the negative impacts of the COVID-19 pandemic.

Vietnamese exporters should boost exports to the US through the Amazon e-commerce platform during the COVID-19 pandemic, speakers told a seminar in HCM City yesterday. 

After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations.

Amid the Vietnamese government’s efforts in deploying economic diplomatic efforts, the prolonged blow of the health crisis sabotaging import and export activities has prompted enterprises to seek new means

Vietnam is expected to continue growing its share of global exports despite decline amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report.

Vietnam achieved a trade surplus of $6.5 billion in the first seven months of this year, including $1 billion in July, according to the General Statistics Office (GSO).

Vietnam’s fruit exporters has been striving to sell to new markets because they understand that reliance on the Chinese market will bring high risks.

The European Commission (EC) has given the green light for Vietnam’s exporters to extend the deadline of applying for the registered exporter system (REX) until late 2020, 

Vietnam is expected to continue witnessing massive difficulties in boosting exports in the second half of 2020 due to its key markets suffering from a decline in consumption, leading to a drop in demand for imports.

The Ministry of Investment and Trade noted that though the export turnover of the processing industry could not regain the strength it had before Covid-19, the recovery was very clear.

Vietnam saw 30 types of goods reporting export revenue of over US$1 billion each in the January-November period of 2019, accounting for 91.6% of Vietnam’s total export revenue.

Vietnam’s economic growth is forecast to reach 7 per cent in the 2021-25 period thanks to the country’s participation in new-generation free trade agreements.

Leather and footwear exports will reach over US$22 billion this year, as Vietnam is expected to overtake China as America’s number one supplier in these sectors.