Update news vietnam trade
Vietnam has worked to develop the domestic market with a population of nearly 100 million people in the context that the COVID-19 pandemic has disrupted the global supply chains, said Minister of Industry and Trade Tran Tuan Anh.
Vietnam achieved a trade surplus of $6.5 billion in the first seven months of this year, including $1 billion in July, according to the General Statistics Office (GSO).
The trade surplus soared in the first six months, though the GDP rate grew by only 0.36 percent in Q2 as Covid-19 escalated in many countries.
Vietnam’s exports to key markets such as the US and EU sharply rebounded across many sectors.
Vietnam's production and export activities as well as trade balance may suffer if Japan and South Korea can't settle their differences soon, according to VDSC report.
External challenges, such as protectionism and the escalating trade war between the United States and China, have left negative impacts on Vietnam’s exports, according to officials speaking at a meeting in Hanoi on Wednesday.
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.