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Trade rises to new high

Updated: 19:56, 31/12/2021
Foreign trade surged 22.6 percent in 2021 to a new high of $668.5 billion despite the supply chain disruptions caused by Covid-19.

Exports were up 19 percent at over $336 billion, but domestic companies only accounted for 26.4 percent of it.

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Container trucks seen at Cat Lai Terminal, Ho Chi Minh City on December 24, 2021.

Over 35 categories of goods saw exports of over $1 billion.

Imports grew by 26.5 percent to $332 billion, with domestic companies accounting for 34 percent.

The U.S. was the biggest market buying goods worth $95.6 billion, while China was the biggest source of imports ($109.9 billion).

There was a trade surplus of $4 billion, the sixth straight year in which exports have exceeded imports.

But the trade deficit with China not only continued but increased by 53 percent to $54 billion.

Trade exchange held to connect Japanese, Vietnamese firms
Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade in collaboration with the Vietnam Trade Office in Japan on December 23 organised a trade exchange to connect businesses of Vietnam and Japan in the field of food processing.
Vietnam, RoK promote cooperation in trade, industry, energy
A Vietnam-RoK business seminar took place on December 22, on the occasion of Minister of Industry and Trade Nguyen Hong Dien’s working visit to the RoK.
Vietnam, Australia deepen trade ties
The Governments of Vietnam and Australia on December 21 announced their enhanced economic engagement strategy, and set out a roadmap to boost bilateral trade and investment ties.
Vietnam on world’s top 5 in global trade connectedness
Vietnam was listed on the world’s top 5 countries in global trade connectedness, according to the DHL Global Connectedness Index 2021 (GCI 2021) report which was jointly released by the US New York University Stern School of Business and Germany-based DHL Logistics Company.
Vietnam, RoK eye bringing two-way trade to 100 billion USD
The upcoming official visit by Chairman of the National Assembly Vuong Dinh Hue to the Republic of Korea (RoK) starting December 12 is viewed as an opportunity to lift the countries’ strategic cooperative partnership to a new height, towards bringing two-way trade to 100 billion USD in a balanced, sustainable and effective manner.

Source: VnExpress

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