Vietnam exports 850 mln masks in 8 months Source: Xinhua| 2020-09-24 13:28:54|Editor: huaxia. The target, announced by Prime Minister Nguyen Xuan Phuc at an online meeting with leaders of cities and provinces on Monday, means exports would need to rise by 13.8 percent from this year’s $263.5 billion to give the country a trade surplus for the fifth year in a row. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. A farmer harvests rice at a paddy field in Hanoi. The country needs to reduce logistics costs to increase exports value, he added, citing the case of mango export as an exported Vietnamese mango now bears a logistics cost of 50 percent its price. Please check your download folder. Exports in Vietnam decreased to 26.70 USD Billion in October from 27.16 USD Billion in September of 2020. source: General Statistics Office of Vietnam Exports in Vietnam averaged 7.63 USD Billion from 1990 until 2020, reaching an all time high of 27.50 USD Billion in September of 2020 and a record low of 0.54 USD Billion in February of 1997. Vietnam’s GDP growth of 7.02 percent in 2019. Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). The top services exported by Vietnam in 2019 were Travel ($11.8B), Air transport ($2.36B), Sea transport ($831M), Miscellaneous business, professional, and technical services ($646M), and Financial services ($210M). Direct access to our calendar releases and historical data. In 2019, Vietnam exported $16.6B worth of services. The coming into force of the EU-Vietnam Free Trade Agreement (EVFTA) and the worsening impact of the U.S.-China trade war could lead to a surge of imports into Vietnam next year, according to a government report submitted to the legislative body. Vietnam's fruit & vegetable exports down in first 7 months of 2020 Vietnam earned nearly US$2 billion from exporting fruits and vegetables in the first seven months of … Others include: South Korea (7 percent), Hong Kong (4 percent) and Netherlands (3 percent). The country’s foreign trade for the first time reached $517 billion this year, up 8 percent year-on-year. It would mean a higher growth rate than the 8 percent recorded this year. Data are in current U.S. dollars. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Vietnam exports for 2019 was $279.72B, a 7.79% increase from 2018. Vietnam exports for … Vietnam’s Top 10 Exports Top 10 HANOI, Sept. 24 (Xinhua) -- Vietnamese businesses exported nearly 850 million medical masks in the first eight months of this year, according to the General Department of Vietnam Customs. The country now has most products in excess and can find a market to sell them," the PM said. Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent). 1990-2020 Data | 2021-2022 Forecast | Historical | Chart | News, source: General Statistics Office of Vietnam. Download historical data for 20 million indicators using your browser. Publish your articles and forecasts in our website. The Trading Economics Application Programming Interface (API) provides direct access to our data. Minister of Industry and Trade Tran Tuan Anh told the National Assembly in November as growth in exports slow to 6-7 percent in 2020, and imports grow at a faster rate of 8-10 percent, there could be a minor trade deficit. Vietnam’s GDP growth of 7.02 percent in 2019 exceeded the parliament’s target of 6.6-6.8 percent as well as forecasts by several international organizations like World Bank and Asian Development Bank. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Although Vietnam in 2019 recorded the fourth trade surplus in a row at $9.94 billion, government officials worry the winning spree would be broken by a deficit next year. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Minister of Industry and Trade Tran Tuan Anh told the National Assembly in November as growth in exports slow to 6-7 percent in 2020, and imports grow at a faster rate of 8-10 percent, there could be a minor trade deficit . All rights reserved. Vietnam GDP growth in 2020 is set to reach 2.5%, thanks to strong growth in public investment and exports that offset declines in foreign investment and domestic consumption, according to economist Nguyen Xuan Thanh, a lecturer from Fulbright University of Vietnam. Although Vietnam in 2019 recorded the fourth trade surplus in a row at $9.94 billion, government officials worry the winning spree would be broken by a deficit next year. In the last years, Vietnam's exports have doubled as competitive minimum wage and low costs of utilities boosted foreign direct investment in the manufacturing sector. Vietnam’s economic growth accelerated in the third quarter as exports and manufacturing began recovering from the pandemic-induced slump of the first half of the year. Given Vietnam’s population of 95.5 million people, its total $304.3 billion in 2019 exports translates to roughly $3,200 for every resident in the Southeast Asian nation. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Photo by Reuters/Kham. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. PM Phuc demands all government bodies create favorable conditions for exporters and cease any bureaucratic activity that could hinder the process. Please check your download folder. Main export partners are: the United States (19 percent of the total exports), China (16 percent) and Japan (8 percent). Vietnam Factory Activity Continues to Recover, Vietnam Tourist Arrivals Sink 99.1% YoY in October, Vietnam Retail Sales Grow the Most in 9 Months, Vietnam Industrial Output Growth at 4-Month High, Vietnam Inflation Rate at 5-Month Low of 2.47%, FDI Into Vietnam Falls 2.5% in January-October, Vietnam Q3 GDP Annual Growth Accelerates to 2.62%, Fitch Revises Vietnam Credit Outlook to Positive, European Stocks Extend Rally, Dax at 2-Month High. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. "After a subsidy period, Vietnam turned into a major global exporter. © Copyright 1997 VnExpress.net. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page.

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