Latest News about export turnover
The rate of foreign investment attraction in Ho Chi Minh City since the beginning of the year has continued to rise.
Garment companies have been told to find new alternative markets as the US and EU are busy fighting against Covid-19.
The Covid-19 pandemic continues to cause exports to stagnate. Coffee growers in the Central Highlands are experiencing many hardships.
In Vietnam, Samsung has been making a great contribution to the country’s GDP over the last many years.
Textile and garment companies are facing double problem: they find it difficult to import input materials and cannot export their goods.
Some countries have temporarily closed shopping centers and asked people to stay at home to prevent the spread of coronavirus, which has affected exports of Vietnamese enterprises.
While tourism, transportation and F&B sectors are suffering heavily from Covid-19, the impact on other business fields has been less severe.
The Ministry of Industry and Trade (MOIT) has asked its Vietnam Trade Offices (VTRs) overseas to help connect Vietnamese enterprises with foreign partners to boost farm produce exports.
The Prime Minister has set the goal of exporting $300 billion worth of products this year, but with the coronavirus outbreak, this proves to be an impossible mission.
Just within five years, from 2015 to 2019, Vietnam’s import/export turnover reached $2.106 trillion, which was higher than the total import/export turnover of the 15 years before.
Vietnam is among the world’s top cashew nut exporters, but it still cannot control the material supply sources.
Pepper prices this year are unlikely to recover after a strong reduction in 2019 due to abundant supply.
The number of orders that textile and garment companies have received for 2020 is just equal to 80 percent of that in the same period last year.
Vietnam’s cashew sector aims to earn 4 billion USD in export turnover in 2020.
With the Vietnamese coffee industry currently exporting to 80 countries and territories globally, the sector has already stated its ambitions to reach an export turnover of 6 billion USD in 2020.
Prices of Vietnamese fruit such as dragon fruit, durian, passion fruit, and jackfruit have fallen sharply as a result of the new Chinese policy on tightening control over farm imports.
The target of exporting $40 billion worth of textiles and garments this year may be unattainable.
The catfish price has been decreasing sharply this year after two years of staying at high levels.