Vietnam exports,covid-19 impacts

Data released by the Vietnam General Department of Customs on September 13 shows that the total import and export value of Vietnamese goods from August 16 to August 31 reached 30.49 billion USD, up 26.5% (equivalent to an increase of 6.39 billion USD) compared to the first half of August.

Notably, exports strongly increased during this time.

The total value of Vietnam's exports in the last two weeks of August 2021 reached 15.87 billion USD or over 1 billion USD a day on average, an increase of 39.6% (equivalent to 4.5 billion USD) compared to the first two weeks of the month.

The key export items during this time were computers, electronic products and components, with an increase of more than 1 billion USD or 62, 3%; phones and components up by 883 million USD or 37.8%; iron and steel of all kinds up by 462 million USD or 91.9%; machinery, equipment, tools and spare parts up by 375 million USD or 27.2%; and textiles up by 369 million USD or 32.3%.

The total export value of Vietnam reached 213.52 billion USD in the January-August period of 2021, an increase of 21.8% or 38.15 billion USD over the same period in 2020.

 

Notably, despite the strong impact of the Covid-19 pandemic, foreign-invested enterprises still reported good business results.

Statistics of the General Department of Customs also show that the export value of goods of foreign direct investment (FDI) enterprises in the last two weeks of August, 2021 reached 11.66 billion USD, up 39. 4% or 3.29 billion USD compared to the first two weeks of the month.

The total export value of goods of FDI enterprises in the past eight months is 156.64 billion USD, up 26.5% or 32.83 billion USD over the same period last year, accounting for 73.4% of the total export value of the country.

Luong Bang

Export outlook depends on virus control

Export outlook depends on virus control

Vietnam's exports may reach as high as US$313 billion by the end of 2021, a 10.7 per cent increase year-on-year, only if the country manages to stop the spread of the novel coronavirus, according to a report by the Ministry of Industry and Trade.