Friday, July 4, 2025 8:40:14 AM - Markets open
VN-INDEX 1,381.96 -2.63/-0.19%
HNX-INDEX 230.93 -0.69/-0.30%
UPCOM-INDEX 100.86 +0.25/+0.25%
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./.
VNA
 
Read original article here
 
Newer News
02/07 Việt Nam takes on growing role in regional logistics
02/07 Agricultural, forestry and fishery exports accelerated to reach $65 billion target
02/07 Ministry of Construction responds to proposal to reduce airfare prices
30/06 Hải Phòng to establish Free Trade Zone to drive investment
30/06 72% of European firms ready to recommend Việt Nam as an investment destination
26/06 Việt Nam and the US strengthen wood trade cooperation
26/06 Petrol market broadly stable in first half of 2025
24/06 Việt Nam to host global logistics congress
18/06 NA approves resolution on VAT cut
16/06 Vietnam-US third round of reciprocal trade negotiations yeilds positive results
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
Market extends rally as VN-Index surpasses 1,365 points
Corporate bond market surges in April, led by banks and real estate
Profit-taking pressure grows as market retreats
Open-end funds keep attracting capital inflows
Stock market upgrade expected by September
Market Update
Last updated at 3:10:04 PM
VN-INDEX 1,381.96 -2.63/-0.19%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
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.