Of the figure, exports and imports hit US$317.45 billion and US$315.78 billion, respectively.

Exports during the first half of December alone reached US$15.78 billion, with four groups of goods grossing US$1 billion, including phones, computers, machinery, and garments and textiles.

Throughout the reviewed period, eight commodities enjoyed export turnover of over US$10 billion, including footwear with US$16.67 billion, wood products (US$14 billion), iron and steel (US$11.27 billion), as well as means of transport and spare parts (over US$10 billion).

Furthermore, six groups of imported goods fetching over US$10 billion with computers, electronic products and components posting the highest import turnover at US$71.9 billion, followed by machinery, equipment, tools, spare parts, phones and components, fabric, plastic materials, iron and steel.

According to the Ministry of Industry and Trade, despite facing unpredictable developments caused by the COVID-19 pandemic, Vietnamese import and export revenue managed to maintain positive growth momentum with the aim of exceeding US$660 billion this year.

Of the total, export earnings are anticipated to hit over US$331.1 billion, representing a year-on-year rise of 17.2%.

Source: VOV

Efforts made to protect interests of Vietnamese products in EU market

Vietnam has taken various measures in a bid to protect the interest of Vietnamese products and exporters in the EU markets, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).

Vietnam likely to attain trade surplus in 2021

Vietnam is in a favorable condition to take advantage of free trade agreements (FTA) that the country is a part of, as well as growing global demand in the late-year shopping season.