Wednesday, August 10, 2022 12:25:12 PM - Markets open
VN-INDEX 1,257.72 -1.13/-0.09%
HNX-INDEX 303.56 +2.15/+0.71%
UPCOM-INDEX 93.27 +0.41/+0.44%
Import-export revenue forecast to hit new record in 2021: MoIT
VietNamPlus - 11/22/2021 10:06:35 PM
 (0 ratings. You must sign in to rate.)
The Ministry of Industry and Trade (MoIT) has forecast that total import-export revenue this year may reach a new record, at between 640 - 645 billion USD, with a slight trade deficit.
The ministry attributed the results to great efforts of the business community in overcoming difficulties from COVID-19 to maintain and recover production, especially those in the garment and textile, and leather sectors.
According to the ministry, by the end of this year, businesses can regain a growth rate like before the pandemic broke out. Sectors that are traditionally strong in export such as telephone, electronics, machinery and accessories are also likely to post export growth of 15-25 percent this year, it said.
The MoIT said that after three years of implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and one year of the EU-Vietnam Free Trade Agreement (EVFTA), those deals' positive impact on Vietnam's exports has shown clearly, especially in markets without any FTA with Vietnam before. For example, exports to Canada, Mexico and Peru have been increasing at 25-30 percent per year.
With the EVFTA, Vietnamese goods have enjoyed stronger competitiveness in the EU market thanks to preferential tariffs.
However, the ministry also pointed to major difficulties facing businesses, including labour shortage, especially in southern localities, as well as a lack of materials for production, high logistics cost, and restrictions from COVID-19 prevention and control measures./.
Read original article here
Newer News
09/08 Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank
05/08 Aquatic exports drop below US$1 billion in July
05/08 Rising inflation causing concern for export businesses
01/08 Vietnamese textile industry working on materials traceability for exports
27/07 Ministry projects three economic growth scenarios to 2023
25/07 VASEP wants greater imports of raw seafood materials
25/07 ADB maintains growth forecast for Việt Nam
25/07 Four reasons make Việt Nam an attractive investment destination
15/07 Việt Nam's economy is developing rapidly: expert
12/07 Việt Nam's wood exports decrease as inflation increases
Older News
18/11 Over 450 billion VND for Nhu Nguyet bridge on Hanoi-Bac Giang expressway
15/11 Vietnam's growth and recovery require strong public investment: economists
12/11 Gasoline prices to be adjusted every 10 days in response to global fluctuations
09/11 Domestic demand for gasoline to recover in fourth quarter
03/11 Vietnam calls for investments in 157 projects during 2021-2025
29/10 CPI in October down 0.2 percent, may surge in remaining months: GSO
27/10 Petrol prices soar by over 1,400 VND per litre
23/10 Steel producers report strong growth in profits despite COVID-19
21/10 Steel exports surge 78.1 percent in nine months
21/10 Vietnamese rice exporters see great opportunities
Newsletter Signup
Top Stories
Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank
Shares to move up after testing supply and demand
Việt Nam in the headwinds of global rate hikes and inflation
Shares pierce May-bottom on weak investor sentiment
Vietnam’s CPI up 2.44% in six months
Market Update
Last updated at 12:25:00 PM
VN-INDEX 1,257.72 -1.13/-0.09%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.