The report on the assessment of the implementation of the plan in 2022 and the plan for 2023, for the Industry and Trade sector has been sent to the Ministry of Planning and Investment. In the first six months of 2022, import and export turnover continued to increase, with a total turnover of more than 371.3 billion USD. The export of goods increased by 17.3% over the same period last year, reaching more than 186 billion USD.

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Based on preliminary export figures in the first six months of the year, the MoIT said that the export turnover of goods in 2022 is estimated at 368 billion USD, an increase of about 9.46% compared to 2021, exceeding the target.

According to the MoIT, businesses have made good use of free trade agreements (FTAs), especially new-generation FTAs to promote exports. The trade balance continued to maintain a trade surplus of 743 million USD, making a positive contribution to the balance of payments, stabilising the exchange rate and stabilising other macroeconomic indicators of the economy.

In the second half of 2022, the demand for Vietnam's export goods is expected to continue to increase according to the import-export cycle and the efficiency of free trade agreements, especially CPTPP, EVFTA, UKVFTA, and RCEP, which are being implemented more comprehensively and effectively. It is forecasted that import and export activities will continue to prosper.

The industry and trade industry has set a target that export turnover will increase by about 8% compared to 2022.

Hoa Binh province’s longan exported to EU

The first batch of longan grown in Xuan Thuy commune, Kim Boi district, the northern mountainous province of Hoa Binh, was shipped to the European Union (EU) on August 11.

Ten tonnes of Vietnamese longan exported to Australia

Nearly 10 tonnes of Vietnamese longan were exported to Melbourne, Australia, on August 10, according to the Vietnam Trade Office in Australia.

Dak Lak prepares for export of passion fruit to China

The Dak Lak province Department of Agriculture and Rural Development is preparing necessary conditions for the shipping of local passion fruit to China, as the fruit has been officially allowed to enter the market.

Rice exports jump 20 pct

Vietnam exported 4.2 million tons of rice in the first seven months, 20 percent up year-on-year, according to the Ministry of Agriculture and Rural Development.

Breakthrough in textile and garment exports

It is forecasted that Vietnam’s textile and garment industry will continue to face many risks and challenges due to the risk of re-emergence of new Covid-19 strains as well as the complicated developments in some regions around the world causing supply disruptions and high prices of raw materials.

Source: NDO