Latest News about vietnam export
Leather and footwear exports will reach over US$22 billion this year, as Vietnam is expected to overtake China as America’s number one supplier in these sectors.
Apart from epidemics, difficulties in exports, especially those to China, are also an important factor for the fall in Vietnam’s agriculture growth in the first half of this year.
Vietnam gained a trade surplus of $1.59 billion in the first half of this year, according to the latest statistics from the General Department of Customs.
Vietnam made over US$122.5 billion in export revenue in the first six months of 2019, up 7.2%, or US$8.21 billion, year-on-year, according to the latest statistics from the General Department of Vietnam Customs.
The overall exports pattern of Vietnam portrays its similarities with export-led growth model of Mexico, which has turned itself into export production platforms for foreign multinationals, rather than developing own indigenous industrial capacity.
Halal food is a promising export product for Vietnamese companies to pursue though they may face challenges.
China is now not only Vietnam’s largest trade partner but also its largest foreign investor as it poured US$723.1 million into the country in the first quarter of the year, according to the General Statistics Office.