Vietnam’s export turnover up 21.5 percent in eight months
Vietnam’s export turnover in the first eight months of 2021 rose by 21.5 percent year on year to 212.5 billion USD , despite a decline of 5.4 percent in August, the General Statistics Office (GSO) reported on August 29.
Garment production for export to the US at Tien Thuan Garment Co., Ltd. in the south central province of Ninh Thuan. (Photo: VNA)
Hanoi (VNA) – Vietnam’s export turnover in the first eight months of 2021 rose by21.5 percent year on year to 212.5 billion USD , despite a decline of 5.4 percent in August, the General Statistics Office(GSO) reported on August 29.
The domestic sector contributed 55.6 billion USD, accountingfor 26.2 percent of the total and representing a year-on-year increase of 10.5percent. The foreign-invested sector (including crude oil) made up 73.8 percentof the total, or 156.8 billion USD, up 25.5 percent.
During the period, 30 export items recorded revenue of over1 billion USD each and together they accounted for 91.8 percent of the total shipments.
The group of industrial processing goods reeled in a largestshare of total export earnings, with nearly 189.3 billion USD, up 22.5 percent year onyear. Meanwhile, agricultural and forestry products brought home 15.4 billion USD (up 14.9 percent) and of aquatic products 5.58 billion USD,up 7.1 percent.
The US remained the biggest export market of Vietnam fromJanuary-August, buying 62 billion USD of Vietnamese goods, a year-on-year rise of 32.5percent. China came second with 32.7 billion USD, up 19.8 percent. The EU andASEAN followed with 26 billion USD and 18.4 billion USD, increasing by 14.5 percentand 23.3 percent, respectively.
Meanwhile, the country spent 216 billion USD on imports in the eight-month period, an annual growth of 33.8 percent, with China being the biggest source of imports.
The country posted a trade deficit of 3.71 billion USD duringthe period./.
As the COVID-19 pandemic has changed the consumption habits of Spaniards to be interested in products related to strengthening their health, Vietnamese enterprises can take an opportunity to have appropriate export orientations to this market, according to Vietnam’s Trade Office in Spain.
The Ministry of Agriculture Rural Development (MARD) and Ministry of Foreign Affairs have collaborated closely to seek ways to remove obstacles facing Vietnam in bolstering agricultural trade with China.
Aquatic exports in the first half of August were strongly impacted by the COVID-19 pandemic, reaching only 263.8 million USD, down 41 percent compared to the second half of July and 30.1 percent from the same period in 2020.
There remains room for Vietnamese enterprises to promote their exports of farm produce such as rice and seafood to Italy besides other export items, according to the Vietnamese Trade Office in Italy.
A webinar discussing ways for Vietnamese and Singaporean businesses can fully tap opportunities brought by free trade agreements (FTAs) with the European Union (EU) and the UK to expand their cooperation was jointly held by the Vietnam Embassy and the Vietnam Trade Office in Singapore on August 28.
An online seminar on strengthening trade relations through international trade fairs, held by the Vietnam Trade Office in India on June 25, saw the participation of nearly 50 Vietnamese seafood companies and 50 Indian enterprises in sectors of processed food, agricultural products, fruits, and spices.
The vehicles will be deployed for mail and parcel delivery by Hanoi Post, marking another step in the strategic partnership between the two firms since 2021. With this batch, the total number of electric motorbikes Honda has supplied to Vietnam Post has reached 405, operating primarily in key cities such as Hanoi and Ho Chi Minh City.
With participation from major players representing countries such as Russia, China, Japan, India, Thailand, and Indonesia, Vietbuild 2025 is expected to present a wide range of environmentally friendly and innovative products and services, especially building materials, machinery, and interior and exterior decoration.
Bulgaria holds strengths in sectors that align well with Vietnam’s development focus, including information technology, software, electronics, energy and the environment, startups and innovation, agriculture and food processing, logistics, and freight services.
Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.