Thursday, June 30, 2022 9:30:03 PM - Markets open
VN-INDEX 1,197.60 -20.49/-1.68%
HNX-INDEX 277.68 -4.67/-1.65%
UPCOM-INDEX 88.58 -0.30/-0.34%
Vietnam posts trade surplus of 4 billion USD in 2021
VietNamPlus - 12/29/2021 4:29:00 PM
 (0 ratings. You must sign in to rate.)
 Vietnam enjoyed a trade surplus of 4 billion USD in 2021, marking the 6th consecutive year in a row the country's export turnover is higher than its import revenue, General Director of the General Statistics Office (GSO) Nguyen Thi Huong said on December 29.
 
This year, Vietnam’s total foreign trade turnover hit 668.5 billion USD, up 22.6 percent year-on-year, of which exports reached 336.25 billion USD, up 19 percent, and imports earned 332.25 billion USD, up 26.5 percent, Huong said at a press conference announcing socio-economic figures in the fourth quarter and the whole year.
 
In December alone, the country’s total import-export value was estimated at 66.5 billion USD, up 6.4 percent month-on-month and 19.7 percent year-on-year.
 
This was a positive result in the context that the COVID-19 pandemic has been affecting negatively the national economy, she said.
 
In 2021, 35 commodities saw export turnover exceeding the 1 billion USD benchmark, accounting for 93.8 percent of the total turnover, in which eight products posted over 10 billion USD in export turnover, accounting for 69.7 percent.
 
The US was Vietnam’s biggest export market with a turnover of 95.6 billion USD, while China was Vietnam’s biggest import market with revenue of 109.9 billion USD.
 
In 2021, Vietnam’s trade surplus with the EU was estimated at 23 billion USD, up 12.1 percent year-on-year, while the country posted a trade deficit of 54 billion USD with China, up 53 percent.
 
In order to support businesses and promote exports in 2022, Minister of Industry and Trade Nguyen Hong Dien said that the ministry has been focusing on solutions to strengthen and expand export markets, and paying attention to implementing free trade agreements (FTAs) to effectively bring into full play their preferences and make the most of opportunities and minimise challenges.
 
The ministry will also prioritise export promotion activities and soon restore export markets after the COVID-19 pandemic is controlled, and closely monitors each market to review and identify the types of goods that countries have demand.
 
It will focus on implementing import-export administrative procedures in accordance with the national and ASEAN single-window mechanisms to create favourable conditions for associations and enterprises./.
VNA
 
Read original article here
 
Newer News
14:22 Vietnam’s CPI up 2.44% in six months
14:20 Vietnam enjoys trade surplus of 710 million USD in six months
14:19 Radical and long-term measures needed to boost public investment disbursement
14:17 Việt Nam's GDP hits 10-year high of 7.72% in Q2
29/06 Vietnam’s GDP expands 7.72% in second quarter of 2022
29/06 Việt Nam attracts more than $14 billion of FDI in H1
29/06 Rising costs cast doubt on wood companies growth prospects
29/06 Foreign investment through M&A surges in H1
21/06 Seafood enterprises await growth opportunities
21/06 Imports from Asia rise more sharply than exports
Older News
29/12 Vietnam’s GDP grows by 2.58 percent in 2021: GSO
28/12 Domestic tourism vital to revive flagging industry
27/12 Vietnam’s economy sailing through COVID-19 storm
27/12 Vietnam seen as manufacturing hub for global brands
25/12 WB official optimistic about Vietnam's 2022 GDP growth prospect
20/12 Vietnam International Arbitration Centre pledges support to FDI firms
17/12 Việt Nam: aspiring to become a global food powerhouse in the 21st century
16/12 Vietnam perfects policy on negotiations, signing of double taxation avoidance deals
15/12 Việt Nam firms should take advantage of EVFTA to boost exports to Germany
09/12 Sugarcane sector eyes prosperous year
 
Newsletter Signup
Top Stories
Vietnam’s CPI up 2.44% in six months
HPG: Hoa Phat wants to invest big in two infrastructure projects
Legal framework for securities, corporate bond investment, business strengthened: SBV Governor
Steel prices cool down as input costs drop
Why the stock market sell-off when VN’s economy is strong?
Market Update
Last updated at 3:05:00 PM
VN-INDEX 1,197.60 -20.49/-1.68%
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...
Portfolio
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.