Vietnam's import and export is ready to "speed up", surpassing the $660 billion mark

Impressive results

Commenting on the picture of trade, import and export  in 2021, Deputy Minister of Industry and Trade  Tran Quoc Khanh said that the heavy impact of the Covid-19 epidemic makes 2021 a difficult year for all sectors. sectors of the economy, including exports in general and export promotion activities in particular. Many export promotion activities such as fairs, exhibitions, trade connections, etc. have been interrupted due to the impact of the epidemic situation, especially during the period of social distancing.

However, thanks to the close direction of the Government, the drastic participation of ministries, branches and local authorities, the proactive efforts to overcome difficulties of the business community have positively contributed to the impressive results. of import and export activities.

Along with that, according to Deputy Minister Tran Quoc Khanh, the Ministry of Industry and Trade has effectively implemented action programs, issued dozens of documents directing and operating, supporting businesses, cooperatives and localities to overcome difficulties. difficulties, restore production, business and export.

"Thanks to the maintenance of trade promotion activities on the digital platform, agricultural products and goods are still connected for consumption even in the most difficult time of the epidemic," said Deputy Minister Tran Quoc Khanh. 

Thanh Ha lychee (Hai Duong) is sold in a Dutch supermarket.

Thanks to the maintenance of trade promotion activities on the digital platform, agricultural products and goods are still connected for consumption even in the most difficult time of the Covid-19 epidemic.

Along with that, the structure of export goods, according to Deputy Minister Tran Quoc Khanh, has also been gradually improved in a positive direction, reducing raw export content, increasing exports of processed products and industrial products. This contributed to the reversal of the trade balance, and the trade surplus was not only maintained but also established a new miracle.

Sharing more about this issue, Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department (Ministry of Industry and Trade) said: In the past, the group of agricultural and aquatic products contributed mainly to export growth, but now The group of processed industrial products is the main driving force for continuous high export. Domestic enterprises are also focusing on investing in the processing and manufacturing industry and gradually shifting to the production of products with added value, high technology content and intelligence.

In addition, it can be seen that Vietnam's export products are gradually becoming more diversified and richer in types and designs, some products have large market shares and high positions, meeting the tastes of consumers in Vietnam. target market...

With this encouraging result, exports will continue to be the main growth engine for Vietnam's economy in 2022 and create a lot of potential for businesses to promote exports in the coming time.

 Ready to "speed up"

According to the Ministry of Industry and Trade, in the last month of 2021, Vietnam's export activities are having many advantages.

Accordingly, in the world, countries, especially our main export markets such as the United States, EU, etc. have been implementing plans to open doors, use vaccine passports, apply Using information technology to manage residents, reorganize economic, cultural and social activities, open tourism – this signals that the demand for Vietnamese exports will continue to increase. .

Moreover, the market demand is increasing at the end of year shopping, especially for the group of goods we have advantages, which will create an increase in export turnover for the whole year.

It is forecasted that import and export turnover in 2021 will exceed the milestone of USD 660 billion. Illustration: Ministry of Industry and Trade

In the country, up to the present time, the speed and number of people being vaccinated is increasing. Thanks to the effectiveness of anti-epidemic work, Vietnam has had a relatively long period of organizing production, preparing sources of goods, exporting and importing in the "new normal" state to be ready to "speed up".

In addition, the Free Trade Agreements (FTAs), especially the new generation FTAs, have passed the initial stage of implementation, businesses have gradually adapted to the commitments of the Agreement along with the roadmap. Import taxes of our partners will continue to be eliminated or reduced, creating more competitive advantages for our products.

Economist Dr. Can Van Luc said: In the context that Vietnam has partly controlled the epidemic, it has contributed to a better recovery from major trading partners such as the US, China, EU, and ASEAN. ..., it is forecasted that in 2022, total import and export turnover may grow by 13-15%.

Assessing Asia's trade prospects for the two years from 2022 to 2023, Mr. Andrew Jeffries, country director of the Asian Development Bank (ADB) in Vietnam emphasized: In 2022, the Asia region will witness The export recovery has been outstanding and Vietnam is the country that continues to take advantage of the opportunity to accelerate exports.

"Vietnamese enterprises need to quickly seize this opportunity to boost exports in 2022, improve the quality of goods to penetrate deeply into many major markets," emphasized the ADB Country Director. 

In particular, although the epidemic is still complicated, the deep integration through the system of 15 FTAs has been signed, including many new generation FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. (CPTPP) and the Free Trade Agreement between Vietnam and the EU (EVFTA) will be significant leverage for trade in goods with many major markets.

In order to support businesses and promote exports, Minister of Industry and Trade Nguyen Hong Dien affirmed: The Ministry of Industry and Trade has been focusing on solutions to strengthen and expand export markets; focus on implementing FTAs in order to effectively promote the Agreement's preferences, thereby making the most of the opportunities and minimizing the challenges posed.

At the same time, the Ministry of Industry and Trade also prioritizes export promotion activities and soon restores export markets after the Covid-19 epidemic; focus on closely monitoring each market to review and identify the types of goods that countries are importing to exploit the market and promote exports...

HUNG PHUONG

Propaganda of Resolution 84/NQ-CP

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