In the period, export revenue generated in the Australian market hit 4.2 billion USD, up nearly 34%, while Vietnam’s total exports increased 17.2%.

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Notably, strong growth was seen in the export of many products, including footwear (30.83%), garment (29.8%), seafood (52%), steel (205%), wood and furniture (26%), and coffee (102%).

In the first eight months of this year, Vietnam was the 10th biggest trade partner of Australia, while Australia is the seventh greatest of Vietnam.

Nguyen Phu Hoa, head of the Vietnam Trade Office in Australia, said that along with implementing the Government’s policies on economic cooperation with Australia, the office has given timely support to domestic firms during the recent tough time of Covid-19.

The office has provided information on the construction material demands of Australia to Vietnamese exporters, contributing to forming supply chains between the two countries. Meanwhile, it has helped promote the trademark of Vietnamese farm produce and aquatic products in the market, while working hard to protect the interest of Vietnamese businesses.

Hoa said that although trade targets for this year has been achieved, there are still many challenges in the rest of the year.

The office is applying drastic measures to further promote trade between the two countries. A campaign to encourage the Vietnamese community in the country to prioritise Vietnamese products will be launched, Hoa added.

The official also stressed the need to improve the efficiency of logistics services to shorten the delivery time.

He also advised Vietnamese exporters of farm produce to continue to ensure the uniformity of product quality, while coordinating with the office to promote trademark building and select exclusive distributors, thus expanding market share in a stable manner.

Over 220 stalls to open at Vietnam-China int’l trade fair

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Japan to enhance inspection of trade unions employing Vietnamese labourers

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Vietnam reports trade surplus of nearly 4 billion USD in eight months

Vietnam has enjoyed a trade surplus of 3.96 billion USD in the first eight months of 2022, the General Statistics Office (GSO) announced on August 29.

Vietnam attends Italy’s 11th World Chili Pepper Trade Fair

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Trade surplus to hit 1 billion USD this year

Vietnam’s export revenue in 2022 is expected to reach about 368 billion USD, a year-on-year rise of 9.46%, according to a report by the Ministry of Industry and Trade (MoIT).

Source: VNA